Nokia long term is given up
Nokia, long-term, market expectation is to go up if they start delivering on future financial quarterly reports. The TA is saying that the market expectation is that Nokia will start delivering good financials. The 20m (month) just crossed the 50m MA, this is the 1st time since November of 2016, Nokia is trading on the 100m and has been building price support, last month, it tested the bottom of the channel going to 4.50 and then bounced up quickly to make a dominant, also nok has been trading higher than 20m as well as the 50m MA. Nokia now just has to deliver on the upcoming Q1 report.
Note
I should add that Nokia going up is highly depended upon the upcoming Q1 2022 report, 4/29/2022. If nok puts out a good report, nok is likely to go up, if it puts out a so so report then retest of 5 is most likely a semi-bad report would have a retest at 4.65.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.