Stocks - Nokia Pops (S1)Idea for NOK:
- NOK quietly and pleasantly on the rise.
- Bullish trend (S1).
- IMO one of the best holds out there.
GLHF
- DPT
0HAF trade ideas
NOK Nokia 5Price Target Upgrade On 7/14/2021 JPMorgan Chase & Co. Upgraded the Rating of NOKIA from Neutral to Overweight and a Price Target from $4.30 to $7.80
Nokia has now access to the one of the largest 5G markets with its first contract in China for supplying 5G radios.
This was in line with my last chart here, about Nokia dominating the 5G space:
Double Bottom on Nokia Monthly Chart Double bottom on Nokia monthly chart, price target set right around $7.16, which is also the consensus analyst price target, Might see a pull back to retest support at the neckline, that would likely be a good buy point, but if it breaks down under the neckline the pattern has failed.
Nokia Corporation OutlookThe stock symbol NOK for Nokia Corporation. A company that provides mobile and fixed network solutions worldwide.
Recently the stock hits a low price of around $2.25 the week of March 9, 2020. Since then the stock formed the triple bottom bullish pattern. In addition, the stock retested the $5 level around the week of Jul 26, 2021.
Looking at the DM Indicator, ADX is rising sharply. +DM is in control. Macd is rising and is above the level 0.
I have a bullish feeling for this stock. A pullback is possible to around $4 to $4.50, but I feel that this stock has the potential to test $6 to $6.50 level.
Thank you for reading.
Greenfield/ Xanh
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NOK Nokia Chief Exec: whatever it takes to lead in the 5G spaceNOK Nokia Chief Executive: we will do “whatever it takes” to lead in the 5G space!
On 7/6/2021 BNP Paribas brokerage Upgraded the rating for NOK Nokia from Neutral to Outperform and set a $7.70 price target.
I extended the Fibonnaci retracement tool from the strong support to the previews top and came out with a 6.5usd price target.
$NOK - Ride 20EMA supportLooks a bit like a cup and handle, prices forming an ascending wedge in to resistance.
Bullish MACD crossover on the daily is nice, and I really like the setup here, the stop loss is only a few percent.
Another possible method here is to see if this dives to the lower end of the megaphone, and play a bounce off that.
I'm not exactly clear on where to set my targets yet - open to ideas there.
I might look back to historical resistance levels to see where this could stall out.
Could try a FibFan to set some targets as well.
NOKIA is making one more push. NOKFifth wave of local impulse, making this one a relatively confident prediction. Plenty of momentum to move more and then reassess. No train can travel indefinitely after all.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
Major section of resistance that NOK is encounteringHere we see the downtrend line for NOK over a multi-year period. NOK is literally touching/popping out of the trend line. As bullish as NOK is lately, this is an important time for the stock price on the charts. Let's see if we can break out and stay out of this trend from the multi-year chart down the trend line.
$NOK Support and ResistanceNokia Corporation provides mobile and fixed network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services. The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services. Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, and policy and charging, as well as cloud, IoT, security, and analytics platforms; and submarine networks and radiofrequency systems. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
