NOK Idea 7/14/21Over $6.70 we may have a part three in the next crazy run up. I'd keep this on watch.
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4NOKIA trade ideas
NOK Nokia Chief Exec: whatever it takes to lead in the 5G spaceNOK Nokia Chief Executive: we will do “whatever it takes” to lead in the 5G space!
On 7/6/2021 BNP Paribas brokerage Upgraded the rating for NOK Nokia from Neutral to Outperform and set a $7.70 price target.
I extended the Fibonnaci retracement tool from the strong support to the previews top and came out with a 6.5usd price target.
Nokia, sitting on support line, long Nokia is sitting on a support line an old resistance pint from 2019, bullish macd cross up, breaking out of a triangle, increase in volume. stop loss under 5.70, buy if it holds above 5.78 for 2 closes as confirmation.
$NOK is now a good buylong term trend broken, price elasticity now allows for 100% return event over 6 - 24 months.
$NOK - Ride 20EMA supportLooks a bit like a cup and handle, prices forming an ascending wedge in to resistance.
Bullish MACD crossover on the daily is nice, and I really like the setup here, the stop loss is only a few percent.
Another possible method here is to see if this dives to the lower end of the megaphone, and play a bounce off that.
I'm not exactly clear on where to set my targets yet - open to ideas there.
I might look back to historical resistance levels to see where this could stall out.
Could try a FibFan to set some targets as well.
what's up with NokiaThough I don't like the chart, and it is lacking the volume, I would argue this is a safer buy.
It is just not doing much, but it is better this way than dropping like hell. typical Scandinavian cold style.
What to do? ...
NOK Bull Flag?seeing some big call volume coming, the company has been around forever might be a nice little leap lotto on some incoming news
NOKIA is making one more push. NOKFifth wave of local impulse, making this one a relatively confident prediction. Plenty of momentum to move more and then reassess. No train can travel indefinitely after all.
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Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
$nok - tight fibssee updates from previous ideas.
looking at pretty tight fibs moving forward. let's see what happens..
$NOK , the target could not be any clearer $40 MINIMUM Classic ABCD pattern. Clear as day. Search it up , measurements are perfect it’s been making this for 20+ years
Major section of resistance that NOK is encounteringHere we see the downtrend line for NOK over a multi-year period. NOK is literally touching/popping out of the trend line. As bullish as NOK is lately, this is an important time for the stock price on the charts. Let's see if we can break out and stay out of this trend from the multi-year chart down the trend line.
NOK ( CUP & HANDLE Pattern)A nice cup & handle pattern can be identified on NOKIA. chat pattern target will be $5.60.
Nokia will fly Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 4.2800 EUR
$NOK Support and ResistanceNokia Corporation provides mobile and fixed network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services. The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services. Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, and policy and charging, as well as cloud, IoT, security, and analytics platforms; and submarine networks and radiofrequency systems. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
Potential breakout preparation happeningA very tough trendline is still holding the price down. Another pull back would be no surprise, but I think there is a good chance of an impressive breakout.
NOK LONG @ 5.15-5.20L @ 5.15-5.20
Candles are telling that pressure of buyers is strong.
1W candle is on the trigger price 5.16 and i think it is able to get 6.40 in fast move.
NOKIA STILL IN PLAYYou all know the deal. The manipulation of this stock and others a few months back left us thinking that that may have been the end of the NOTORIOUS move we've been waiting for on this stock. But we're still in play! LETS DO THIS
