NOK 4.20: Lotto Stock of 5G at 1x Sale, A Laughable ValuationIs NOK dead? The stock sure looks like it (at 1x Sales). But wait, there is a sign of life! 
Money flow and Momentum are positive,  consolidating in a rectangle waiting for earnings on Feb 3 (?). 
Could be a 10 stock? In a heartbeat in this raging bull market. Needs a catalyst though, so it's a waiting game. 
Meanwhile, $4? People losing $4 a day on options and spec stocks. You could own a real company at $4. 
Trade ideas
NOK on the way up! Go long now!This is one of my first publishing’s. I’d love some critiques. I had a tough time understanding where to start my wave pattern. I do think NOK is heading up soon considering it’s 5G tech coming soon. They’ve had some recent good news and. NASA contract in the recent past so NOK is far from dead. On the contrary, I think it’s just beginning. Please let me know your thoughts. I’m open and welcome to CONSTRUCTIVE criticism only. 
NOKIA looks quite attractiveLooks like NOKIA is ready for a major reversal under few conditions:
 
  Price must break above resistance downtrend line.
  Chances for a serious bullrun will rise if the breakout takes place inside greenest area.
  To confirm a bullish incentive we must look for reversal patterns on daily TF.
  Under these circumstances, for this scheme to work out,  price must not break below green support line. 
 
 Anyways, let's see how integration of 5G network in nokia products might influence the stock in positive way. 
So at least I'd dare to say that NOKIA is undervalued at this point of time.
Show Finland some love - Part 2Swing Trade Idea.
Wave (3) projections:
Minimum - $6.60 (1.272 fib ext)
Tgt 1 - $7.57 (1.618 feb ext) - lines up to 2015 consolidation area
Tgt 2 - 10.38 (2.618 fib ext) - lines up to 2010 consolidation area
Zoom this out on the weekly to note two previous major highs. Serious upside potential depending on timeframe.
This is an easy swing. Definte possible long term hold with size for me.
Show Finland some love - Part 1Swing Trade Idea.
Previous concolidation area of late March 2020/1st week of April 2020 highlighted. Previous gap also falls in the .618-.786 fib retracement. Currently working on A-B-C correction to complete wave (2).
If beginning of wave (3) is accurate and clear upper trend line then shorter term tgts of:
Minimum - $6.60 (1.272 fib)
Tgt 1 - $7.57 (1.618 fib)
If beginning of wave (3) is accurate then likely Inverse Head and Shoulders will develop as drawn.
Alternate scenario is longer consolidation within upper and lower trend lines with evenetual breakout to upside.
Nokia dip opportunity on a swing. I am giving it a few days to see if it goes any lower but this is a big post earnings drop that is not entirely justified because Nokia has somethings going for it. They adjusted their earnings expectations for 2021 and that suddenly scared a lot of people. 
Non the less. It has not traded this low since April 27th, as such, an argument can be made that sometime between now and February 2021 (next earnings) it will be trading at least a dollar higher than where it is now. The problem is that you may be tying up some capital waiting for the move. 






















