NOK 5: Huge Volume Day, Higher Price to Come
In this runaway market, NOK represents a sensible and substantive instrument for investing in telecom structure as we are going digital everywhere and everything. At a little over ONE time sales as a major 5G player, the risk-reward ratio is still compelling.
Unlike Blackberry which is seeing some institutional sponsorship, NOK has not. But it does have a very large float so the move towards upside would be likely griding instead of rocketing. Patience is required as well as there is earning risk right around the corner. Should it drop after earnings, then it would represent a good buying opportunity.
Similar to BB, NOK has been basing for a long long time, the longer the base, the higher the move ultimately would be, generally speaking.
Unlike Blackberry which is seeing some institutional sponsorship, NOK has not. But it does have a very large float so the move towards upside would be likely griding instead of rocketing. Patience is required as well as there is earning risk right around the corner. Should it drop after earnings, then it would represent a good buying opportunity.
Similar to BB, NOK has been basing for a long long time, the longer the base, the higher the move ultimately would be, generally speaking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.