Looking to add to a long term Nokia position soon. A gap down broke through the 200 MA with heavy volume. Upcoming earnings could get interesting. Thinking 5.50 might be a good place to add. Good luck everyone.
Good week everyone!
NOK opened on friday with a 4% big gap down just over the 200 daily sma and weekly 50ema, and so far rejected it.
Overall the stock is on a uptrend channel as we can see on right chart.
Now what really draw me attention is the huge volume on friday, way over average, is that just panic? someone was buying there right?
Now i'd not buy...
There's been a lot of positive news surrounding Nokia as of late, and the Megalodon just gave us the buy sign!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
NYSE:NOK price is above MA200 and I pay attention if is approaching resistance zone .
Resistance zone it is a TA point of view and I can say it is psychological level as well and it is proved that can influence price direction depends of circumstances .
Nokia is coming with new phones and improved ones in 2019 plus new deals around the glob as we can find info around the net on financial news channels.
From a price point of view I think is a good buy for long time holding as investment plus has a good dividend .
The price is under SMA 200 on weekly chart.
Please feel free to comment with new ideas or critics...
Nokia is 4.2% div. yield 5G stock. Awaiting if going back to 786fibretracement below or near 5 or stabilizing upward to 618fibretracement.
NOKIA (NOK) Still bordering marginally negative earnings, indicating it's emergence from post 2000's is emerging with new IT Software for 5G as earnings about to turn profitable.
Watch for further support for growth or...
As the fundamental cyclical business is improving with 5G, the technical picture looks interesting. We have now corrected 50 % of the move from earnings. Looking for signs for a classic (Elliott) wave 3 bullish trade. Also resembles a cup and a handle. With the fundamental backdrop in mind, hard to see this melting down from here. Need to capture the declining RSI...
The first time I noticed Nokia was when they suddenly beat their profits.
At the time I noticed what a disaster has the company been since 2007. It got some respite, as Microsoft bought it, but it did not do a lot of good.
Even during 2017, when the world experienced a record boom, Nokia was like - Hold my beer! - and the stock went down.
Recently the price...