NOKIA trade ideas
NOK bigger picture I am not a financial adviser. i am going to add Nok in my long term portfolio @ 3.90$ because its seamless 5G platform supplier.Looks good for long term play .
Nokia long term viewHi Friends,
For the last weeks, i was looking for long term investment opportunities.
i have found NOK, KHC, SXC, LUMN, IEC AND ROCKET COMPANY.
i will go into fundamental analysis for one by one, the long term investment will be on LEAPS, or stock purchase.
For today's topic, Nokia seems strugling with weekly descending channel with MA 200 on top of the trade.
The market news are mixed, positive with EU opening the door to ericson and nokia, and negative news with Nokia struggling with 5G even with chineese companies excluded in the US and most of EU countries.
EPS is negative.
0 dividend.
rating Ba2.
market cap: around 24 billion
the question is, if Nokia succeed to close EU 5G contracts, will we see a rally to north ?
please let me know your thoughts.
the goal in this stock is ITM LEAPs for January 2023.
option premium around 1.3
strike price 4
Thanks,
Sam
NOKIA ($NOK) gearing up for big move? 📈🚀 Penny stock breakout?$NOK is forming a rounding accumulation pattern with a bullish MACD crossover and an upward-trending RSI. The OBV (on balance volume) is also looking to break out with the same rounding accumulation pattern.
From a fundamental standpoint, $NOK has actually been fairly active on the contractual front. It recently picked up a few 5G contracts from large operators like Telenet in Belgium, A1 in Austria, and Orange. It has also signed a partnership with Microsoft ($MSFT) to develop private wireless products specifically designed for enterprises.
$NOK could fairly easily break to the $4.75 - $5 range fairly soon, barring an overall market retracement.
Nokia - a safer stock for 5G infrastructure buildThere is news about partnerships with tech companies. There are plenty of other companies that will use 5G for their service or product, and they may offer better returns with more risk and volatility. So NOK is a good stock to own for a lower risk, more stable 5G-based investment.
RSI is over 50. Stochastic %D should start rounding up. The weekly downtrend line in blue was broken and touched as support. The two white lines mark whole dollar price targets. If you look back more you can see price could rise much more if Nokia can become a leader in this space.
NOKIA going 10euro+ medium time frame, ignore the Reddit fiasco!NOKIA is going to 10x next 10 years, going to be swing trading it with 20% of my portfolio.
NOKIA on a slippery pathNOK’s long-, mid- and short-term trend charts are presented. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Nokia seeks level for bounce Made for monitoring price action in 1H TF. Timefibs separate the stages of cycle into growth and decline.
Looking for a level at which price action will stabilize after such decline.
Blue trendline serves as a supposed support level anywhere price touches it.
TimeFibs can play role of reversal timing estimation. (-0.236 is at 16th March)
The current "set" can be useful for those who are interested to trade the pullback (dead cat bounce effect).
For now we can clearly state that price feels the support at 5th fib sequence on price scale because it goes flat near it like hyperbola function.
If it loses its grip, flat can go down to 3rd which is a strong support level. Moreover, when during these decline scenarios, price gets closer and closer to TimeFib -0.236. So these factors must be considered to be able to enter partially without missing the best undervalued price mark.
Longer-term perspective below:
The MACD bar part is turning green with a positive divergenceI think two more candles are needed for the bars to turn green. Also, there is a positive divergence in monthly and weekly timeframes, which indicates that the long-term trend will be upward.
NOK replaced in Euro stoxx 50 index (EU50)I think the Euro stoxx 50 index has a better situation than other indexes. NOK needed this to lift-off.
Microchip maker Infineon Technologies is going to replace telecom equipment maker Nokia ( NOKIA .HE) in the Euro Stoxx 50 , Stoxx said late Monday. The move is effective March 22 . Stoxx didn't provide an explanation, but microchip makers have been buoyed by strong demand and a shortage of supplies. In early trade, Nokia slipped 1.3% while Infineon slipped 0.4%.
$NOK Long?This regression channel NOK has found itself in for years continues to provide clues for support and resitance areas. If we've indeed put in another wave 2 in zig zag, we could soon swing to meet resistance yet again.
Nok 3.80
First goal 4.33
If it breaks it, it will go to the weekly resistance 5.16, knowing that the stock is at historical lows and inside a daily ascending channel and a weekly descending channel.
Nok Long at 3.80
First goal 4.30
If it breaks it, it will go to the weekly resistance 5.16, knowing that the stock is at historical lows and inside a daily ascending channel and a weekly descending channel.
Activity by WSB on NOK Sentiment is highToday is a lot of activity on wallstreetbets on AMC, GME, NOK and BB
might be a good time to buy pre market
Let's go NokiaI'm not a financial advisor and this opinion must not be intended as a financial advise.
Nokia found a support and start to rise from this level, i don't know the future price... maybe the MOON
Nokia to break out?As I see for the last couple of weeks the share price is going down BUT, the acc/dis rising and the ADX is also rising I believe an uptrend is on the corner.
When I see that Nokia is Bringing new orders in from different countries to rollout 5G network and see A/D rising I believe big money is coming in slowly.
As I am a beginner and educating myself and learning from my fellow traders, please don't see this as a professional opinion. I could be mistaken. If any1 in here can help me making a better judgement it would help me correct my view and learn.
thx in advance.
