NOKI trade ideas
NOK Possible bull run starting With 5G tech $GME $SPCE $BB $PLTRThis is a little late,
we kind of called the breakout in the discord channel but I figure I might as well post there here to see how it ages lol.
We got Entry $4.50
Target $8
Stoploss $4
Catalyst
Press Release Nokia and Mobily pilot world’s first 4G and 5G Fixed Wireless Access network slicing
+
WSB may be moving into this stock as well lol.
Sorry I couldn't get this info to you guys earlier =(
prntscr.com
NOK's technical pictureThe short-, long- and mid-term trend are presented.
Prompt
New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
$NOK Nokia-Bullish Indicators on Monthly Chart.
Among all the squeezes this week NOK is probably the only
stock among the cohort that has fundamentals and
growth potential as it has a role in the 5g revolution.
It a strange way the recent activity may have actually damaged
its chance of a major trend break, but time will tell on that.
Levels to consider-
$4.88 is a major yearly pivot point.
$5.00 50ma on monthly chart.
$5.13 is the Point of Control.
$5.62 100ma on monthly.
Please take not of the descending channel which has been well
respected for 6 years.
Please note the bullish move by the indicators.
Alert set above $5.25 for a potential rally opportunity .
Nokia and Gamestop chartsGamestop's 15m chart just before it started its crazy upward course and Nokia's chart now.
Any similarity of the two diagrams can be accidental!
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NOK $4.80: Stay long and may sell covered call for INCOMEWhat happened to NOK or BB is extraordinary as both are real companies with no short squeeze issue so there is no reason not to allow New positions. Then there is this real-world where strange things happen. My guess is someone shorted big in the run-up and try to control the situation.
Anyhow, both BB and NOK have no liquidity issue and they have a business that is on an upturn in this EV movement or 5G cycle. Things are looking up for them actually.
I did note earlier that it is a large float stock, granted with a very low total market cap in comparison so griding higher through the waves, and not a short squeeze candidate.
Its option premium is very high and likely to stay high so one can sell covered calls to earn some income while waiting for the banning to be resolved.