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
Though I don't like the chart, and it is lacking the volume, I would argue this is a safer buy. It is just not doing much, but it is better this way than dropping like hell. typical Scandinavian cold style. What to do? ...
Hey all, Nokia has been trading within a trap zone between it's 20- and 50-day MAs on a weekly time frame. This can be considered an accumulation zone, that has stretched since March to date. The idea is that the stock seems to have found a historical bottom around March 2020, has been on a consistent uptrend since then (taking away the reddit-driven rally), MAs...
NOKIA just hit the top of long term bearish trend channel, and is about to cross down short term bullish channel... RSI also topped....MACD just about to make bearish cross... And wave trend about to turn..... All indicating a BIG drop. I expect a drop of 15% or more.
first up in a triangle and then what? a Racket long?