We've got some decent MACD divergence backing us up here looking to attempt to make a higher low than the right shoulder at a Fibonacci confluence area. I think we may attempt a secondary breakout above the resistance line.
So many gaps to fill with the NOK chart that it looks like swiss cheese! The past four earnings have resulted in stock price increase after earnings, I wouldn't enter this trade until the day or day before earnings. I'm looking for price to fall back to upper falling channel that was recently broke to test as new support. At this point, the elevate stock price...
Analysis is based on chart pattern and fundamental of the company.
Technical:
Price is forming an inverted head and shoulder on monthly timeframe, Price also making a slow retracement towards the point of interest (left shoulder). Currently, price have shown a bullish momentum and making a new trough on weekly timeframe. We shall monitor if price breaks daily...
Nokia is in a historic 1-2 1-2 1-2 This basically means parabolic move. Nokia is changing from a value stock into a growth stock.
Nokia will go parabolic and i will make millions
Nokia is an indestructible 150 year old Scandinavian corporation which has made everything from tyres to their iconic phones
Nokia once had a market cap bigger than apple
Whilst exoterically it may appear apple has won this is not the case
Nokia is much better positioned for the coming decades
Whilst apple is mainly a purveyor of slick hardware, the...
Nokia is an indestructible 150 year old Scandinavian corporation which has made everything from tyres to their iconic phones
Nokia once had a market cap bigger than apple
Whilst exoterically it may appear apple has won this is not the case
Nokia is much better positioned for the coming decades
Whilst apple is mainly a purveyor of slick hardware, the...
A DECADE of consolidation and geometry confirms energy point
But hey it’s been around 150 years
Indestructible like the phones…
Big move incoming
I think it’s UP
In the new multipolar world you will no longer have US big tech dominating
Trump set the scene for the resurrection of NOK and ERIC
Nok once had a higher market cap than apple
Nothing lasts...
Strengths
Let’s start with the first part of SWOT analysis of Nokia which is strengths:
The biggest strength of the company is their brand name. Many consumers often opt for Nokia more than any other brand because of the reliability, durability, and creativity their phones provide.
Most of Nokia’s highly qualified personnel have teamed up with Microsoft’s experts...
The PEAD projected a Neutral outlook for $NOK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $NOK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
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.
Easy to read chart- price pressing against the major trend line. Lots of consolidation. Bottomed out fibs. Stoch RSI still needs a bit more flattening on the month in my opinion?
Thoughts?
*Not trading advice.
Hello,
Nokia continues to show us a success story of rising up after a hard fall. However this is not a stock i am interested in from a technical point of view.
The rise is limited.
Good luck
