Nokia knocking down a peg. NOKBearish on Nokia once again. Downward zigzag with technical suggestion of further downward movement.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Nokia
NOKIA massive cup and handleStarted last January with the massive Wallstreetbets spike. We made a cup from Jan - Aug. And then since August to December we made the handle. It is a cup and handle pattern one year in the making. Based on the fibs if we continue going up maybe 6.80 is the next resistance for the price. But overall still undervalued and is a good entry point currently.
Strong Bullish signal on Nokia (NOK) stockOpportunity to go LONG on Nokia (NOK) stock.
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NOK - NOKIA - EXTREME BUYA GREAT BUY, Nokia been around forever remember the 8810?
5G uplinks across Europe huge contracts in telecommunications
JUMP ONBOARD, say what you will about me but I don't fxck around watch this market move!
OMXHEX:NOKIA
EURONEXT:NOKIA
MIL:NOKIA
SIX:NOKIA
CAPITALCOM:NOKIA
NYSE:NOK
OMXSTO:NOKIA_SEK
BCBA:NOKA
OTC:NOKBF
XETR:NOA3
LSIN:0HAF
NOK Nokia 5Price Target Upgrade On 7/14/2021 JPMorgan Chase & Co. Upgraded the Rating of NOKIA from Neutral to Overweight and a Price Target from $4.30 to $7.80
Nokia has now access to the one of the largest 5G markets with its first contract in China for supplying 5G radios.
This was in line with my last chart here, about Nokia dominating the 5G space:
NOK Nokia Chief Exec: whatever it takes to lead in the 5G spaceNOK Nokia Chief Executive: we will do “whatever it takes” to lead in the 5G space!
On 7/6/2021 BNP Paribas brokerage Upgraded the rating for NOK Nokia from Neutral to Outperform and set a $7.70 price target.
I extended the Fibonnaci retracement tool from the strong support to the previews top and came out with a 6.5usd price target.
NOKIA is making one more push. NOKFifth wave of local impulse, making this one a relatively confident prediction. Plenty of momentum to move more and then reassess. No train can travel indefinitely after all.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
Major section of resistance that NOK is encounteringHere we see the downtrend line for NOK over a multi-year period. NOK is literally touching/popping out of the trend line. As bullish as NOK is lately, this is an important time for the stock price on the charts. Let's see if we can break out and stay out of this trend from the multi-year chart down the trend line.
Stocks/Technical - NOKIdea for Nokia:
- LLR Elliot Wave determined for a speculated bullish rally.
- Double Bottom/Wyckoff Spring setup.
- ADX and trend showing strength, almost enough to confirm non-noise relevance:
GLHF,
DPT
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