NOKIA ---- The Power of EMA with fibonacciEMA89 was broken - what's next?
I use EMA 13/34/89/144 indicator and RSI stochastic for this analysis. I've been use it for quite a while, and found it useful for my trend analysis. After significant optimism over at least 4 consecutive quarter, unfortunately the price trend has changed. EMA 13/34 dead crossed, continued with price drop below EMA89 with a low volume. Most likely will also drop further until EMA144.
Further we can see also open gap below ( mark with number 1, 2 and 3), which like it or not will be closed sooner or later. Unless there is significant move fundamentally, perhaps it will rebound technically.
I believe if NOKIA able to promote faster 5G Technology adoption, it will be a game changer for them, while at the same time they have strong competition from China vendors globally.
Solid companyThese guys have unique software, I didn't found this company looking at patterns or charts, I'm a computer scientist and there is a lot of interest in new jobs to hire people that have knowledge of their software.
- they make a fundamental piece in new computer development, a multi-platform interface for any kind of devices, Computers, IoT, Cars
- It's in the market and it's already working, it's not a future software but a present software, most TFT screen dashboards for new cars are made using their technology, for example,
- they have no competitors,
- they offer good support,
- good marketing and sales strategy, free for open-source, paid for companies, make it easy for people to learn,
- some Linux open-source projects rely on their software,
----------------- if they become a standard in the industry, if they aren't already, this is going to be a really really big company, they will be growing earnings really big for some years from now
This is not any kind of financial advice, do your own dd
Nokia Corporation OutlookThe stock symbol NOK for Nokia Corporation. A company that provides mobile and fixed network solutions worldwide.
Recently the stock hits a low price of around $2.25 the week of March 9, 2020. Since then the stock formed the triple bottom bullish pattern. In addition, the stock retested the $5 level around the week of Jul 26, 2021.
Looking at the DM Indicator, ADX is rising sharply. +DM is in control. Macd is rising and is above the level 0.
I have a bullish feeling for this stock. A pullback is possible to around $4 to $4.50, but I feel that this stock has the potential to test $6 to $6.50 level.
Thank you for reading.
Greenfield/ Xanh
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
Fortum CorpOne of Northern Europe's largest energy businesses, Finland's Fortum Corp (€23.51), displaying strong price action as it trades near the upper boundary of a 12-year base.
Not the same industry but the structure is reminiscent of Rio Tinto & Southern Copper back in Aug-2020.
Equity Portfolio Idea.