NOK trade ideas
Nokia: Further Trouble AheadNokia Corporation - Short Term - We look to Sell at 5.31 (stop at 5.54)
We look to sell rallies. Previous support at 5.30 now becomes resistance. 50 1day EMA is at 5.44. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5.30, resulting in improved risk/reward.
Our profit targets will be 4.56 and 4.29
Resistance: 5.30 / 5.50 / 6.00
Support: 5.00 / 4.50 / 4.30
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Nokia Fibonacci ChannelsNokia looks stable despite of recent decline of indices. Any drop I will view as good opportunity to accumulate before the breakout.
I'd periodically buy this stock with partial entry on every upcoming market sale.
It's been on demand levels for a long time and time for its recovery is almost completed.
BIG TF VIEW:
Nokia to Drop FurtherNokia Corporation - Short Term - We look to Sell a break of 5.24 (stop at 5.45)
A move through bespoke support at 5.40 and we look for extended losses. Our overall sentiment remains bearish looking for lower levels. A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break lower. We look for gains to be extended today.
Our profit targets will be 4.38 and 4.10
Resistance: 6.00 / 6.40 / 7.00
Support: 5.40 / 5.00 / 4.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Nokia at Key Support Level Nokia Corporation - Short Term - We look to Buy at 5.33 (stop at 5.16)
We look to buy dips. Trading within a Bullish Channel formation. A higher correction is expected. Previous support located at 5.40. We expect this move higher to continue and look to set longs in early trade using previous lows as a stop.
Our profit targets will be 5.76 and 5.95
Resistance: 5.75 / 6.00 / 6.40
Support: 5.40 / 5.25 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Go, Nok, GoThis and next week will be 9 months since the 'BANG' 'meme stocks' had a huge surge of 'retail' buying.
Nokia will be releasing their next Earnings Report in 9 days on 10/28/21.
The chart for Nokia is currently showing an interesting confluence coinciding with these events.
I'd keep a very close eye on the stock options for this company. The implied volatility has been beaten into the ground for the past few decades. When Nokia finally breaks back above and finds buying support on the neckline in this idea, all bets are off for 'Theta Gang'. It is fairly widely known that this company's stock has been a reliably substantial revenue stream for options writers who manipulate the price to their benefit. For YEARS. That is about to end, and end it will like 'a flash in a pan'. I'm sure the options writers who are about to get cooked have already made so much profit by screwing over the little guys that it won't really matter to them anyway. In fact, they'll very likely win yet again.
Man.
This is the one.
Nokia knocking down a peg. NOKBearish on Nokia once again. Downward zigzag with technical suggestion of further downward movement.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NOKIA AnalysisNotes
weekly chart:
- broke out of the downtrend from 2015-2021
- currently in an uptrend since it broke out in May 21
- strong resistance level ~@6.44-6.68
- touched the resistance level 5 times already
- weekly candle bearish
if it breaks the small support level at ~@6.03, there is a high potential that it will go down to @5.28
-> retracement back to the trend line (green line)
this is just an analysis from me. feel free for open discussion
Nokia Sneaks Toward New HighsNokia has gone nowhere for more than a decade, but now the Finnish networking stock may be finding new life.
The first pattern on today’s chart is the symmetrical triangle that formed in August and September. NOK broke out of this range earlier this month. It proceeded to bounce above the triangle last week, turning old resistance into new support.
Second, the stock is now above its 50-day simple moving average (SMA), 100-day SMA and 21-day exponential moving average (EMA). That wasn’t true just three weeks ago, which suggests the intermediate-term trend has recently grown bullish.
Third, NOK was targeted in January’s meme-stock frenzy. That briefly pushed its shares above $9.50. But if you exclude the unusual moment, NOK’s close yesterday was its highest in almost three years. It’s pushing some longer-term peaks from several years ago. There was also price gap on February 1, 2016. Filling it could bring NOK back to $7.
Overall, NOK may resemble Ford Motor a few months ago – another once-mighty name that had fallen from the limelight. However the fundamentals were improving with F as prices squeezed toward multiyear highs. Like F, NOK has showed signs of a turnaround as 5G orders flow in. Like F, it also struggled with chip shortages. Will it also climb a wall of worry as things return to normal?
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NOKIA massive cup and handleStarted last January with the massive Wallstreetbets spike. We made a cup from Jan - Aug. And then since August to December we made the handle. It is a cup and handle pattern one year in the making. Based on the fibs if we continue going up maybe 6.80 is the next resistance for the price. But overall still undervalued and is a good entry point currently.
Strong Bullish signal on Nokia (NOK) stockOpportunity to go LONG on Nokia (NOK) stock.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NOKIA near to the SupplyHey, guys hope you doing good.
as we know that Nokia has already achieved its task by completing the bullish moves. now there is a supply though that is weak if that gets eliminated by the price we need to use confirmations there because that is already tested several times, so it became weak. we always use confirmations on the weak levels of Supply and demand. if that doesn't happen then let it go upwards for more time.
best of luck.
