Nokia
Nokia Bullish Short Term Target (NOK)We've seen a similar setup like this before with NOK that resulted in a huge jump. Scaling 1:1 historical moves compared to this move, we should be looking at a price target of around $6.30. This would test the upper limit of the Bollinger bands and I would expect to see some strong pushback near $6.30. If we hit that mark, I'll be doing a follow-up analysis of where we can expect to go. A full bullish trend for NOK on the fuel of 5G being developed globally could be in the cards. Telecoms infrastructure still marches on as COVID moves through the US, meaning the upcoming earnings report could post better than expected.
Nokia NOK first-ever trial run of 4G & 5G fixed wireless accessNokia Corporation NOK recently announced that it has teamed up with Mobily, a Saudi Arabia-based telco, in a concerted effort to conduct the first-ever trial run of 4G and 5G fixed wireless access (FWA) network slicing over the live commercial network of the latter. Notably, the Finnish telco is the first vendor to unveil this technology. As part of the collaboration, Mobily has capitalized on Nokia’s AirScale 4G/5G base stations along with its NetAct solution, which is a field proven network management system that supports network elements in Wi-Fi, telco cloud, public safety along with mobile radio and core. (Source: zacks.com)
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NOK on the way up! Go long now!This is one of my first publishing’s. I’d love some critiques. I had a tough time understanding where to start my wave pattern. I do think NOK is heading up soon considering it’s 5G tech coming soon. They’ve had some recent good news and. NASA contract in the recent past so NOK is far from dead. On the contrary, I think it’s just beginning. Please let me know your thoughts. I’m open and welcome to CONSTRUCTIVE criticism only.
Nokia possible impulse wave in the making!Nokia hasnt been looking to good the past couple of years, but this all could change very fast.
with the upcomming Q3 earnings release coming up this thursday and alot new 5G contracts in their pocket this could be the start of a big impulse wave up.
fundamentals:
# march 2015 can be seen as the beginning of a HUGE descending triangle with a fake bearish break out starting at september 2019. Nokia is currently being traded at that so important level and needs to be taken in order for this lookout to become truth. after that the level to watch is 4.3 as this would confirm the bullish breakout of the triangle. NOTE: descending triangles are normally bullish patterns, but trade carefully as their are some huge levels to conquer.
# Nokia has been a big factor in the 5G industry with over 125 contracts concerning 5G, with the expectations of 5G becoming bigger and bigger this would logically push nokia's shares higher and higher.
# the chart shows that the fibbonaci level 0.786 drawn from our last H/L was accepted as a support level (currently being traded in the golden pocket area which i didnt draw to clear the chart a bit )
If we manage to break the golden pocket area upwards these are the level to watch and possibly take profit:
TP 1: 4.30
TP 2: 4.97
TP 3: 6.59
TP 4: 7.82
TP 5: 8.45
Stop-Loss : between 3.2 - 2.7
Dont over leverage!
Trade safely and do your Risk Management !
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NOK Long Idea (+5% Profit)Hi,
As Nokia has got an extra tailwind now winning a NASA contract for setting up a lunar 4G networks, we might see Nokia targeting a $5.00 per share level again this year.
Now the price has broken out from a symmetrical triangle (red and pale solid lines) targeting a major resistance level at $4.50 per share. As an alternative view, the price has been forming an ascending triangle (see a red dashed resistance) line and is likely to bounce back to $4.26 per share level.
MACD also suggests the price has got an uptrend momentum.
Either way, $4.26 per share looks like a good entry level for a long position with a short-term target $4.50 per share.
FLATTENING TO BOTTOMS - SELLERS STILL THERE - NOKIA -DAILYWe have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is very hard and the fall easy to engage. Very pessimistic.
The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards.
Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards.
Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.
NOKIA is BACKComparing the percentage overlay of their new 5G competitor ERIC with the playing field even with Huawei out the picture, if NOKIA were to breakout to same the magnitude with 5G sponsporship I am actively targeting $5.60-$6 price level for this quarter. $10 EOY.
We are here at a critical price level here of $4.30 viewing how price action has reacted here in the past
GoNoGo Charts: Nokia's run in trouble?Nokia’s “Go” trend is being tested. The quick retracement from the highs of this current rally show the GoNoGo Trend painting paler blue, weaker trend bars.
The recent high was not confirmed by the GoNoGo Oscillator as we see lower highs in the lower panel.
Price is also testing support from what many would consider a broadening formation (megaphone), with diverging *trend lines. This pattern suggests disagreement between the bulls and the bears with increased *volatility in the price swings. Typically, this is considered to be *bearish.
To add to this, the GoNoGo Oscillator has dipped negative for the first time since the rally began. This negative momentum increasing the possibility that the trend may struggle to stay a “Go”.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
NOKIA bullish asfTempted to buy some $NOK $5/$6 calls, just debating how far out to buy them. Expecting a little more consolidation if I'm being honest, but these 5G contracts and talks could send this flying sooner.
White House/President Intervention to secure 5G could make this print.
I am worried about bearish market affecting this trade but not really...