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Nokia

Bottom of RSI channel + Fib confluence in NOKIAHi everyone. Trying my hand at stonks again., Nokia is showing a number of potential reversal signals. For starters, Nokia gapped down and held the 0.886 Fibonacci retracement from the July 2012 correction rally. After that rally, Nokia had what I believe to be an ABC retracement downwards, with a target for "C" being $2.42. This correction sequence in my opinion is very reminiscent to a 3-3-5 Elliott Wave correction. 3 Waves up, 3 waves down, 5 waves up which would complete the bullish correction. If indeed we are looking at a 3-3-5 bullish correction sequence, we are either on the very last, or close to the very last wave downwards for this asset. Next would in theory be a powerful 5 wave impulse upwards to complete the 5 waves of the 3-3-5 correction. My opinion for the measurement of the "C" wave of this final 3 ABC series is located at $2.42. The local low so far this past trading week is $2.34. We can see that there was a fairly sizable bullish candle after touching the 0.886 and 1.618 "C" wave retracement. In the RSI, notice how the bottom of the channel was respected. This has also now printed bullish divergence in the weekly chart from late 2019. With Fibonacci, we now know that we have a potential "C" wave having completed at $2.42, as well as a bullish 0.886 retracement at roughly the same price range. Confluence! On the 30m, we can clearly see the reactions that were present when these levels were hit: The daily is showing 4 tests of the 0.886 and 1.618 retracements. The weekly RSI channel on the daily is showing that we briefly dipped below support, but were able to re-enter back above both oversold and the channel support. There is some bullish divergence from the 12th of March. This has been accompanied by heavily increasing overall volume. Currently, price is showing a spinning top doji after breaking above a triple top. The price increased from bottom to top by 20%. The Chaikin Money Flow indicator is showing consistent higher lows since late Oct 2016. These higher lows are accompanied by lower highs, which is in turn forming a symmetrical triangel. There are 3 touches of support and 3 touches of resistance so far. To validate a symmetrical triangle, rule of thumb is 3 touches each on both support and resistance. This will cause a very powerful move, whichever way it breaks. There is also a potential bullish falling wedge forming from Q2 2018. On this time frame we are only 3 points away from entering the accumulation portion of this indicator. Weekly MACD is looking somewhat neutral. There have been consistent lower lows and lower highs since mid 2017. There is a flag-like channel the MACD has been following, similar to the RSI. Interestingly, a very peculiar situation in the MACD histogram, however. There is a very strong bullish divergence in this recent drop versus the one that took place in November. Like the weekly CMF indicator, there is a potential bullish falling wedge forming as well. By the way. I did an analysis on Gold back in April of last year. Coming up on 1 year from the day I made it, gold is so far doing (almost) exactly what I thought it would. If Gold falls back down for a re-test of $1,350, it could mean that stocks are very near a potential bottom. Gold is also printing a descending triangle, and is currently facing rather strong resistance in the RSI. Consider how much fear there is in the market right now. Consider how hard and how quickly we dumped, 35%!!! IN WEEKS! The strongest and fastest drop in literal history. Also keep in mind- Wuhan and mainland china are now peaking in CV19 cases. And last but not least- just how many shorts and puts do you think there are? nokia's have a wide reputation for being INDESTRUCIBLE. This asset is literally screaming bull flags everywhere. wtf America?
NYSE:NOKLong
by UnknownUnicorn5836947
3
"One day every one will own mobile phones/sugar/bitcoin" updateThey were very right about sugar. Since the 70s-80s, sugar consumption went absolutely ballistic, people became complete addicts as the substance is addictive and creates cravings for more, and add to that the idiotic advice clown "experts" gave to every one "fat bad fat make disease fat make you fat" so people felt good about droping fat food and adding sugar and businesses added tons of sugar and so on, world consumption went from 75 million tons in 1975 to 150 million tons in 2007 according to some source, this seems to agree with other data about per capita consumption I have seen. The pre 1975 increase did not stop, it actually followed the same trendline as previous, with world consumption growing at a sterady rate. Buuut production simply grew too (actually prices are so cheap US producers get free money from the government), more people growing sugar, better tech so fields produce more, increased planetary CO2 levels that cause canes to grow faster stronger bigger better. Right about demand. Rekt anyway :) They were oh so right about mobile phones. Now every one even in mozambique owns a smartphone. Too bad Nokia isn't the only company making phones and they didn't find the huge success every one was dreaming of just because they had a few popular phones at the time. It reached a peak share price of $62.50. At its peak Nokia was valued $300 billion. Microsoft bought the mobile phone branch which they later sold to a finnish company for £350 million. Nokia itself is valued around $15 billion, the share price never went back to ath and is now $2.75. Nokia never became this huge trillion dollar behemoth investors were hoping. I was in high school in the 2000s, I remember the FOMO and every one wanted a nokia phone and was a snake expert (the garbage game that was on the phone). In a cruel irony twisted outcome, Apple DID become the trillion dollar mobile phone behemoth :) REKT! Double rekt! Multi kill rekt! Hahaha! Maybe the plebs are right about imaginary electronic money? No reason why it does not continue to develop itself. But will bitcoin become a trillion dollar behemoth? That ridiculous ponzi? No way xd "Experts" that work in crypto have a conflict of interest and want you to buy and really know finance well (like sargent pompliano that has no clue self proclamied expert), claim that it is really big and taking over and bla bla bla same old same old. I piss myself when I see something like this from CNBC with POMP face on it "A crypto expert explains why bitcoin is a good hedge against global turmoil" I just die xd Ian Balina that is a complete clown is "an expert". The high school dropout kid that bought crypto at 13 is an expert too, he is legit giving speeches with a public of hundreds of clueless idiots, he gets invinted to ted talks, to cnbc, and more. A dog on Twitter is an expert because he bought crypto in early 2017. Dozens of "finance guys that run hedge funds" are all of a sudden experts. People actually fall for this. You're an expert! And you're an expert! And you! And you! Every one is an expert! As an expert myself (I hold a title of engineer in electronic payments technically I'm an expert & I have a stronger claim to the title expert than any of them) I advice every one to stay away from this ponzi. This clear ponzi scheme will continue its sucker rally, and have many more. But it will go down. I completely expect another "BULL MARKET IT BACK" situation as explained here... Follow the coronavirus & global situation... Going to take a couple more months imo to be able to see it happen, and crypto investors get the burn they deserve. If every thing (with global fears and spx500 and btc price action) goes as planned there might be a buy, althought maybe not if it's like 2018-2019 (where to enter? on a breakout? just fomo in blindly with no sotp? haha this is what noobs recommend and they are persuaded of being right). A "bull market is back" short around 10k would be lovely! Maybe won't go that far, maybe will go higher, we will see.
BITSTAMP:BTCUSD
by MrRenev
12
Buy Nokia around 3.0 after today's fall After Nokia's earnings I expected it to continue falling considering no profitability in the next quarters and no dividends as well. But seems like its starting to find the floor slowly and might bounce back to its upper Fibo levels. Nokia right now is a pioneer is 5G hardware development (besides ericsson, china mobile to name a few) and this company isnt going anywhere considering 5G revolution is just around the corner and with more and more smartphones providing 5g tech and this becoming a mainstream, the stock will fly again. I wont involve in this trading until I see the floor today, so just need to wait for around 3.0 levels. Maybe it doesnt reach this level considering the way it go smashed from 5.12 levels to 3.2 levels today(around 38% drop) Buy Nokia at 3.0 Tp1 3.3 tp2 3.6 Not a short term trade and neither a long term hold.
NYSE:NOKLong
by arungoten
4
Beautiful fall from NokiaNot only crypto can fall 20% in a couple of hours, tradiional stock market also love to surprise investors. Nokie, those undestroyable phones are already thing of the past, now everyone is focused on 5G and Internet of Things, but that's where the problem for nokia is. More competitors, more diffcult to earn new clients. As a result, new progft warning... Nokia now sees 2019 underlying earnings per share (EPS) at 0.18 euros to 0.24 euros and 2020 EPS at 0.20 euros to 0.30 euros. It had earlier forecast 2019 EPS at 0.25 to 0.29 euros, and 2020 EPS in the range of 0.37 to 0.42 euros.” The reason for lower outlook is tougher competition in 5G and the need of further investments to compete. Nokia’s board decided not to distribute the third and fourth quarterly instalments of the dividend for the financial year 2018 in order to increase 5G investments, investments in areas of growth like software and strengthen cash position. Hopefully they achieve to solve the issue soon. Nevertheless, it can be a good opportunity to buy in a couple of days, as shares will finally stop falling.
OMXHEX:NOKIALong
by Market_Referee
Nokia's road to $8 and higher - Strong BuyNokia beat 2Q19 expectations, but the better news came from an upbeat narrative regarding the next few quarters. "Will 5G Boost Nokia Stock? - There’s one more piece of good news worth highlighting. Again, cost cuts should help margins and 5G should drive growth. The question is whether, with China’s Huawei facing security concerns, Nokia can outperform rival Ericsson (NASDAQ:ERIC) in 5G. Early returns look good." seekingalpha.com www.stocksequity.com Despite the US trade war with China, Nokia will be one of the winners in our opinion. $ 6,50 before september 2019 $ 8,00 before november / december 2019
NYSE:NOKLong
by BlueDimeInvestment
OMXH25 LONGHey guys! Long time no see B) OMXH25-index has fallen quite nice amount of points because of Nokia have had issues in US (some sketchy stuff) and OMXH have been going down for random reasons (not fundamentals). OMXH didn´t drop like it should have done in February so I personally think these 2 bear days so far are the result of January´s bull train. Take notice on that Relative Strength Index (RSI) which is set to last 9 candles (RSI9, very useful tool!) I circled these areas on red which had a decent bear day and went under 30 RSI9. The current situation should be considered as one of these circled areas. Bull is coming! This is very good time to invest in OMXH25 or OMXH index. I would also suggest everyone to long Nokia or Stora Enso with leverage. Have fun guys, take some easy profit! :) I´ll update more on UKOIL/DGAZ/UGAZ sooner or later. Rememer to hit that follow button! :) /JJ
OMXHEX:OMXH25Long
by UnknownUnicorn3848732
Nokia - The old indestructible phone, on support zone?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 outright, i wanna keep an eye on the price behaviour next few days to be sure that will be no more frenzy seeling panic, if price manages to stay above daily 200sma therefore we can have a good buy opportunity targeting just below weekly 200sma. As far we can see the selling waves has not to much volume right now, there is lack of interest on short this stock right now which is a good confluence for long here. And RSI is almost oversold, just another small confluence for saying. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
NYSE:NOKLong
by MarcelMartins
Nokia potentially oversold on the alcatel lucent newsFundamentals: Nokia took a big hit after stating that they are starting an internal investigation on alcatel lucent which they have bought. Investors reacted pretty hard to this and the stock was diving more that -8% during that day. It of course could be that there will be some negative facts to be found and in the worst case even some fines to be had. So there is of course a risk associated with longing the stock at this point. However, let's consider this from a different perspective. The company decided willingly to start investigation and they contacted officials by themselves and they do not expect any concrete consequences on the company itself based on the investigation results. Of course this is their own statement and view on the matter and they would ideally always want to make it look like a minor thing even if it weren't. However, considering the other possibility that there won't be anything significant to be found on the investigations and there won't be any fines. The stock has dived more that -5% based on these news and the fear of the potential results. If nothing will be found this would suggest the stock was significantly oversold and should be looking to recover. Techical side: The technical side is quite simplistic. RSI9 shows that the stock is on the edge of being oversold and looking at the previous behavior the level 30 has often provided support and the price has bounced up. Sometimes of course this has been violated and can be the case here as well. However just considering the option that after the stock has been up and being valuated at the previous levels 5.25 - 5.6 after Q4 report it would be quite hard to believe the proper value would be below 5€ which is of course a very important support level. Considering the both sides on this price crash I would suggest that Nokia is currently oversold and will be recovering when the investigations continue and if they show no concrete results suggesting significant fines to be had. I'd be looking to long Nokia now or at the fibonacci support at 5.065 which has been already tested briefly once. Stop loss should be placed below 5.065 support or 5.00 depending on your risk tolerance and personal view on how confident you are on these news. Lastly considering the option that the investigations bring up skeletons in the closet and significant fines are had then the stop loss is still quite small and the potential reward in my opinion clearly out weights the risk.
OMXHEX:NOKIALong
by etsubu
1