870737 trade ideas
$nok - consolidating for next leg up+ declining volume. bullish above POC (dashed orange line).
above 5.18 we easily see 5.44.
this is all short-term, of course. will post more updates along the way.
Stocks/Technical - NOKIdea for Nokia:
- LLR Elliot Wave determined for a speculated bullish rally.
- Double Bottom/Wyckoff Spring setup.
- ADX and trend showing strength, almost enough to confirm non-noise relevance:
GLHF,
DPT
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NOK | Weekly "Trap Zone"Hey all,
Nokia has been trading within a trap zone between it's 20- and 50-day MAs on a weekly time frame. This can be considered an accumulation zone, that has stretched since March to date.
The idea is that the stock seems to have found a historical bottom around March 2020, has been on a consistent uptrend since then (taking away the reddit-driven rally), MAs are finally looking bullish.
Not sure this would have the momentum to break through long term downtrend resistance though.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
I have the impression that Nokia is going to skyrocketIt has been bouncing off the same support level for a long time and is reasonably priced.
It intends to invest heavily in 5G technology, recently announcing a collaboration with AT&T and Verizon for wireless connection services.
Maintains positive operating margins.
It is a partner company of the World Economic Forum (together with Big Tech, pharmaceutical companies, investment funds, etc.)
Its institutional investors include UBS Group, Morgan Stanley, Renaissance Technologies, Bank of America, Goldman Sachs and State Street.
Its main source of income is not mobile devices but networks (mobile access, fixed access, IP routing, and optical networks).
All this leads me to think that at the current price it is still a bargain for one of the largest telecommunications companies and with the potential to become the main competitor of 5G technology.
It could go as far as returning to its all-time highs around $ 60 and breaking them, or at least doubling its price to $8-10 in the medium term.
NYSE:NOK
$nok - hmm... needs to get past $5 allllmost ready. a few different scenarios.
see linked idea, too.
NOK 4H CHART Posting because i like to press play on the chart to see its progress, i have a feeling this will be one to show the grandkids lol!!!!
Nokia set to break out!Nokia looks set to break out of the symmetric triangle after strong earning reports yesterday.
$NOK Nokia Jumps 17% on earnings and Guidance
What a move this morning in European trading and up 17% pre-market in the USA.
I have slightly revised my old chart to include some more important pivots for which can be traded between in the coming hours days.
NOK closes on that 420 vibe NOK closes at around 4.20 that magical number, ive been accumulating NOK stocks for a while now in a hope for a crazy break from this decade long down trend
We are currently trading inside the golden pocket on a monthly time frame .66 .618
NOK price in an Ascending TriangleIt looks like NOK price is trading within an Ascending Triangle but my eyes could be playing tricks on me. I do not have a price target. The price could break up or break down in the coming months.
NOK - Symmetric Wedge Formation - LONGNOK showing bullish sentiment on the fast DMI indicators.
Expecting breakout from symmetric wedge pattern
Use trend line alert to make stop loss calculations
$nok - booolishbullish when the monthly candle closes outside the top of the pitchfork.
currently in a in a channel trending downwards. looking for a breakout there.
s/o to wsb for ruining the momentum of a perfectly incredible long term investment.
Nokia loves 2.24 level of FIBONokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only.
5-A=2.24 4-5
so target of the 5th wave could be:
C-5=2.24 B-C=$50 *shark reversal scenario*
Wave 3 starts in July and will last up to 4 yearsNokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
Odd Head and shoulder in NokiaFirst support level 3.74-3.79, but it could go lower.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Elliott tells us: we are at the beginning of the rallyNokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
