Nokia has been quiet for years - too quiet I suspect. You remember those old brick phones, the ones that were nearly indestructible, right?
I have been watching Nokia off and on since March of last year, trying to find a decent entry point. This is an update to my original idea linked below.
Due to Nokia's prior reputation, I have for nearly a year had a very...
Nokia bought in 2015 Alcatel and since then they restructured the Company.
Since Europe is concerned about Huawei and Security, Nokia could become more competitive in the Networking / Cloud / Infrastructure Market in the Next Years.
Upcoming Earnings should reflect the upside Potential since the last Earnings topped Expectations from multiple...
Nokia stock is well bottomed out and I believe sellers have sold.
It is ranging between 4 and 5 for a good while and there are signs of accumulation.
It is a very food R:R to go long here as entire market looks like it's going to bounce at least 10%.
Setup is nice as it's invalidated with mere -7% from current price level, which means that there can be a tight stop loss.
Nokia Corporation - Short Term - We look to Sell at 5.31 (stop at 5.54)
We look to sell rallies. Previous support at 5.30 now becomes resistance. 50 1day EMA is at 5.44. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5.30, resulting in...
Nokia Corporation - Short Term - We look to Sell a break of 5.24 (stop at 5.45)
A move through bespoke support at 5.40 and we look for extended losses. Our overall sentiment remains bearish looking for lower levels. A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break lower. We look for gains to be extended today....
Nokia Corporation - Short Term - We look to Buy at 5.33 (stop at 5.16)
We look to buy dips. Trading within a Bullish Channel formation. A higher correction is expected. Previous support located at 5.40. We expect this move higher to continue and look to set longs in early trade using previous lows as a stop.
Our profit targets will be 5.76 and 5.95
...
Opportunity to go LONG on Nokia (NOK) stock.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
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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:
The stock symbol NOK for Nokia Corporation. A company that provides mobile and fixed network solutions worldwide.
Recently the stock hits a low price of around $2.25 the week of March 9, 2020. Since then the stock formed the triple bottom bullish pattern. In addition, the stock retested the $5 level around the week of Jul 26, 2021.
Looking at the DM...
NOK 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.
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 4.2800 EUR
Nokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only.
5-A=2.24 4-5
so target of the 5th wave could be:
C-5=2.24 B-C=$50 *shark reversal scenario*
I am not a financial adviser. i am going to add Nok in my long term portfolio @ 3.90$ because its seamless 5G platform supplier.Looks good for long term play .
$NOK is forming a rounding accumulation pattern with a bullish MACD crossover and an upward-trending RSI. The OBV (on balance volume) is also looking to break out with the same rounding accumulation pattern.
From a fundamental standpoint, $NOK has actually been fairly active on the contractual front. It recently picked up a few 5G contracts from large operators...
This regression channel NOK has found itself in for years continues to provide clues for support and resitance areas. If we've indeed put in another wave 2 in zig zag, we could soon swing to meet resistance yet again.
Looking like a snack. Entering at 3.43. Targets will be adjusted as price develops!
Let's seee how it goes. If we can more downside, that's fine, but this looks good
