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Wartsila possible bull movementHello! The first "real" stock I have ever bought. Wuhuu! (for long term) 5th of january 2021 Had to make a small analysis about it ;) Okay. So we can see from the left chart (weekly) how we have been under this supressing trend line from the year 2018, 30th of july. Price hit the trend line 4 times and the fifth time broke it. Atleast for now. RSI has given us also this beatiful price action and a trend line which had been hit 4 times. Right now we can see from the chart that fifth hit seems like it's going to break it, so the trend might turn to bull. On the right chart (daily) we can see 200 ema (red line) under the price and how the price used it as a support (other than before). RSI did also break the short time downward trend line. This also gives me a bullish view. If we break them we might go lower. (left picture) First target we need to break is that 9 euro resistance then we get good space maybe move towards 11,3 euro where there is again 200 ema waiting on us. I don't think this is a good stock to trade, or maybe it is, but if you do take TRADES always use stop loss! Otherwise you will get your ass burned. -Jebu
OMXHEX:WRT1VLong
by PalenTrade
1
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 ! Give a follow and a like if u liked my analyse on nokia!
OMXHEX:NOKIALong
by CptWORLD
9
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.
OMXHEX:NOKIA
by Diallo_Charts_Ideas