NNNOKIA OYJ CEDEAR EACH REP 1/5 ADR
6,260ARSD
−130−2.03%
At close at Jun 11, 19:56 GMT
ARS
No trades
NOKA trade ideas
FLATTENING TO BOTTOMS - SELLERS STILL THERE - NOKIA -DAILYWe have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is very hard and the fall easy to engage. Very pessimistic.
The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards.
Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards.
Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.
NOKIA 5G revolutionary force!5G is today’s revolutionary force, it has overthrown slower and older generation network technology,
and is set to deliver extraordinary experiences and transform entire industries.
NOKIA is rolling out 5G for customers around the world: in the US, Korea, Middle East, Japan and even in Europe,
deployments have started. A global 5G revolution is taking place before our eyes, which the World Economic Forum
predicts will contribute an eye watering $12 trillion to global GDP by 2035.
Nokia is at the heart of the revolution. So far, they have announced 44 5G commercial agreements with network operators,
more than any other company at the time.
We highly believe in a LONG position on this one....
NOK Support & Resistance ZonesDetailed support and resistance zones for Nokia.
Thicker lines mean they're more likely to provide resistance to price movement.
Zones have been identified through use of Fib levels, as well as historical price action.
Trade Safe & Use Stoploss.
How you use this chart is up to you.
You may want to trade the range, you may want to try for a longer term swing trade.
Longterm expectation for Nokia is Bullish.
NOKIA is BACKComparing the percentage overlay of their new 5G competitor ERIC with the playing field even with Huawei out the picture, if NOKIA were to breakout to same the magnitude with 5G sponsporship I am actively targeting $5.60-$6 price level for this quarter. $10 EOY.
We are here at a critical price level here of $4.30 viewing how price action has reacted here in the past
Nokia remains one of my favorite long-term technology playsI've been buying long-term (2022) calls on Nokia, and they're performing very well this past week. The good news for Nokia has kept rolling in throughout this coronavirus downturn, and Nokia announced today that it has declared a total of 3,000 patents related to 5g. Last year it looked like Nokia was falling behind in the 5g race, but ever since it suspended its dividend to free up cash flow for R&D, it has been fast making itself a 5g leader. Along with BIDU, NOK is one of my favorite long-term tech plays due to low valuation and a large number of hot new technology patents going into product development that should pay off long-term. I will buy more calls on the dips.
