1NOKIA trade ideas
NYSE:NOK NOKIA daily chart could be a good run NYSE:NOK price is above MA200 and I pay attention if is approaching resistance zone .
Resistance zone it is a TA point of view and I can say it is psychological level as well and it is proved that can influence price direction depends of circumstances .
NOK.nyse NOKIA as a long term investment Nokia is coming with new phones and improved ones in 2019 plus new deals around the glob as we can find info around the net on financial news channels.
From a price point of view I think is a good buy for long time holding as investment plus has a good dividend .
The price is under SMA 200 on weekly chart.
Please feel free to comment with new ideas or critics .
Thank you .
Nokia 5G prowessNokia is 4.2% div. yield 5G stock. Awaiting if going back to 786fibretracement below or near 5 or stabilizing upward to 618fibretracement.
NOKIA (NOK) Still bordering marginally negative earnings, indicating it's emergence from post 2000's is emerging with new IT Software for 5G as earnings about to turn profitable.
Watch for further support for growth or retracement to .786 from .618 bounce it's currently on.
Nokia observations on Weekly (simple)Seems like in our current state Nokia is preparing for another touch of the upper line of the triangle.
This seems to be further supported by Hull Macd. If volume is weak we will move sideways and eventually test the lower border of the triangle.
Depending on the Q4 of the company we will either break up or down from the triangle. This will trigger hold or sell among investors.
NOKIA GRAPH ANALYSIS (trying new techn) - Multi path predictions*Note - this is my first graph of not using chart patterns but just trying to fit stuff together to predict. Please take the prediction with a grain of salt.
The marked intersection point seems like the most likely point for a breakout with multiple conversions. Looking at the different paths, it should be possible to predict the future direction!
Again, feedback would be awesome this is legit just a random graph I made.
If I'd ever seen a cup and a handleAs the fundamental cyclical business is improving with 5G, the technical picture looks interesting. We have now corrected 50 % of the move from earnings. Looking for signs for a classic (Elliott) wave 3 bullish trade. Also resembles a cup and a handle. With the fundamental backdrop in mind, hard to see this melting down from here. Need to capture the declining RSI trendline swiftly though.
Nokia going downThe first time I noticed Nokia was when they suddenly beat their profits.
At the time I noticed what a disaster has the company been since 2007. It got some respite, as Microsoft bought it, but it did not do a lot of good.
Even during 2017, when the world experienced a record boom, Nokia was like - Hold my beer! - and the stock went down.
Recently the price recovered as they turned out to have sold some of their licenses or other stuff, but .. I don't get it.. How is selling off assets considered good.. Must have been algos and "smart" people buying, who just look at EPS.
From a technical perspective.. Looks like the resulting surge has finally hit a resistance on the daily chart. The charts shows that it will go down.
Both aspects align.. so I expect it to go down.
By the way, who has a Nokia or Microsoft phone? ;)