Nokia has gone nowhere for more than a decade, but now the Finnish networking stock may be finding new life.
The first pattern on today’s chart is the symmetrical triangle that formed in August and September. NOK broke out of this range earlier this month. It proceeded to bounce above the triangle last week, turning old resistance into new support.
Second, the...
My fav stonk
Deep f'ing value back to the future tech titan now focused on industry 4/5
This LOOKS bullish
But combined with the general market, decreasing volume and our Schiff pitchfork this may turn out to be a false break
Let's see
NOT INVESTMENT ADVICE
G.R.I. Dec '21
Started last January with the massive Wallstreetbets spike. We made a cup from Jan - Aug. And then since August to December we made the handle. It is a cup and handle pattern one year in the making. Based on the fibs if we continue going up maybe 6.80 is the next resistance for the price. But overall still undervalued and is a good entry point currently.
Opportunity to go LONG on Nokia (NOK) stock.
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Hey, guys hope you doing good.
as we know that Nokia has already achieved its task by completing the bullish moves. now there is a supply though that is weak if that gets eliminated by the price we need to use confirmations there because that is already tested several times, so it became weak. we always use confirmations on the weak levels of Supply and demand. if...
Nokia looks stable despite of recent decline of indices. Any drop I will view as good opportunity to accumulate before the breakout.
I'd periodically buy this stock with partial entry on every upcoming market sale.
It's been on demand levels for a long time and time for its recovery is almost completed.
BIG TF VIEW:
$3.5 likely
DISCLAIMER: No advice here, post for information only
TECHNICALS: pitchforks off major pivots, fib levels
FUNDAMENTALS: Industry 4.0 stonk- deep fkn value
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor pls
Technical - NOK is forming a bullish flag which could lead to a price breakout. RSI looks good too.
Fundamentals - NOKIA has a mission to be a leader in 5G technology with many patents. I remember reading that NOKIA was asked by AT&T to help them with their 5G rollout.
