NOKIA decades of accumulation nokia take 1.
Posting another scenario later/
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Nokia
Nokia Head and ShouldersNYSE:NOK
Looks like Nokia is at a critical level of support with a head and shoulders formed.
NOKIA target 7Nokia seems to have started an impulse
Wave 2 is quite interesting and it seems we just finished wave 3
Now wave 4 to 4.5 and then wave 5 to 7
NOK - NOKIA - EXTREME BUYA GREAT BUY, Nokia been around forever remember the 8810?
5G uplinks across Europe huge contracts in telecommunications
JUMP ONBOARD, say what you will about me but I don't fxck around watch this market move!
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EURONEXT:NOKIA
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LSIN:0HAF
Stocks - Nokia Pops (S1)Idea for NOK:
- NOK quietly and pleasantly on the rise.
- Bullish trend (S1).
- IMO one of the best holds out there.
GLHF
- DPT
NOK Nokia 5Price Target Upgrade On 7/14/2021 JPMorgan Chase & Co. Upgraded the Rating of NOKIA from Neutral to Overweight and a Price Target from $4.30 to $7.80
Nokia has now access to the one of the largest 5G markets with its first contract in China for supplying 5G radios.
This was in line with my last chart here, about Nokia dominating the 5G space:
NOK Nokia Chief Exec: whatever it takes to lead in the 5G spaceNOK Nokia Chief Executive: we will do “whatever it takes” to lead in the 5G space!
On 7/6/2021 BNP Paribas brokerage Upgraded the rating for NOK Nokia from Neutral to Outperform and set a $7.70 price target.
I extended the Fibonnaci retracement tool from the strong support to the previews top and came out with a 6.5usd price target.
Nokia, sitting on support line, long Nokia is sitting on a support line an old resistance pint from 2019, bullish macd cross up, breaking out of a triangle, increase in volume. stop loss under 5.70, buy if it holds above 5.78 for 2 closes as confirmation.
$NOK is now a good buylong term trend broken, price elasticity now allows for 100% return event over 6 - 24 months.
NOKIA is making one more push. NOKFifth wave of local impulse, making this one a relatively confident prediction. Plenty of momentum to move more and then reassess. No train can travel indefinitely after all.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
Major section of resistance that NOK is encounteringHere we see the downtrend line for NOK over a multi-year period. NOK is literally touching/popping out of the trend line. As bullish as NOK is lately, this is an important time for the stock price on the charts. Let's see if we can break out and stay out of this trend from the multi-year chart down the trend line.
NOK ( CUP & HANDLE Pattern)A nice cup & handle pattern can be identified on NOKIA. chat pattern target will be $5.60.
Nokia will fly Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 4.2800 EUR
Stocks/Technical - NOKIdea for Nokia:
- LLR Elliot Wave determined for a speculated bullish rally.
- Double Bottom/Wyckoff Spring setup.
- ADX and trend showing strength, almost enough to confirm non-noise relevance:
GLHF,
DPT
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I have the impression that Nokia is going to skyrocketIt has been bouncing off the same support level for a long time and is reasonably priced.
It intends to invest heavily in 5G technology, recently announcing a collaboration with AT&T and Verizon for wireless connection services.
Maintains positive operating margins.
It is a partner company of the World Economic Forum (together with Big Tech, pharmaceutical companies, investment funds, etc.)
Its institutional investors include UBS Group, Morgan Stanley, Renaissance Technologies, Bank of America, Goldman Sachs and State Street.
Its main source of income is not mobile devices but networks (mobile access, fixed access, IP routing, and optical networks).
All this leads me to think that at the current price it is still a bargain for one of the largest telecommunications companies and with the potential to become the main competitor of 5G technology.
It could go as far as returning to its all-time highs around $ 60 and breaking them, or at least doubling its price to $8-10 in the medium term.
NYSE:NOK
Nokia loves 2.24 level of FIBONokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only.
5-A=2.24 4-5
so target of the 5th wave could be:
C-5=2.24 B-C=$50 *shark reversal scenario*
Wave 3 starts in July and will last up to 4 yearsNokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
