לונג

Are you blind!?

מעודכן

Previous Close 4.4545
Open 4.4700
Bid 4.4480 x 0
Ask 4.4495 x 0
Day's Range 4.4410 - 4.4925
52 Week Range 4.1180 - 5.7690
Volume 3,407,332
Avg. Volume 10,904,368
Market Cap 25.032B
Beta (5Y Monthly) 0.57
PE Ratio (TTM) 16.47
EPS (TTM) 0.2700
Earnings Date Jul 21, 2022
Forward Dividend & Yield 0.08 (1.80%)
Ex-Dividend Date May 02, 2022

1y Target Est 57.72

No sell only buy

הערה

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*Nokia* WANTS up.
Someone else doesn't.

Who wins?

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...?

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Still kinda wonder about this being a possibility.
The neckline has confluence with the 200 daily moving average.

Nokia's 200 DMA is quite an influential pivot.

A measured move would put Nokia at right around 6 Euros.

That last chart does not at all look too far fetched in my opinion. Especially if the IHS confirms.

Hmmm...

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0.061 Euros away from breaking the high of the previous 3 month candle.
Also notice there is a pending 9 and 21 moving average bullish cross. On the 3 month.

If Nokia closes this monthly candle above 5.018 Euros, 4 months worth of downtrend will (at least temporarily) be reversed.
The yellow 50 monthly moving average has provided quite the pivot points in the past:

Okay- back to the main focus of the monthly picture:

When switched to the daily time frame, this is what we get:

Nokia's Earnings Report sent price all the way up to, and closed just under that main 5.018 Euro resistance.
Then there was (profit taking) a test of the 200 daily moving average for support. The 200 daily moving average also had confluence with what could be the diagonal neckline of a micro inverted head and shoulders pattern. The neckline of that could either be the diagonal or the 5.154 Euro resistance if Nokia had an extended right shoulder ala Bitcoin in 2019. After that 200 daily moving average test, Nokia has since broken above the 5.018 Euro resistance in a series of higher micro lows.

The next main resistance is the high of the previous 3 month candle at 5.154 Euros. Should that break, the next and practically last real resistance before the possibility of a SUBSTANTIAL rally is Nokia's yearly open of 5.560 Euros and the yearly high of 5.769 Euros.

To ME, it looks like Nokia quite soon wants to test that 5.154 resistance.
There are also a massive amount of bullish factors on this chart and that's not even including what the RSI has been showing.

7 Earnings beats in a row.
Diamond bottom which is extremely rare.
A near perfect support hold of a 22 year old trend line from Nokia's ATH.
A PERFECT 0.786 Fibonacci test and rally immediately thereafter.
High volume break of a bullish descending wedge.
4 Months worth of downtrend erased in 1 day.
Full bagging right below a very important pivot point.

What happens next?

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Just want to put this out there - I'm not saying there isn't a chance at all for some downside here.. Nokia has broken a few significant resistance levels but there are still some left ahead.

Currently Nokia is also smack in the middle of a few very important ones and there are some divergences in the RSI on the smaller time frames.

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Just trolling around the chart and I saw this in the 2w MACD:

It's a bird!
It's a plane!
No, it's a FLAG!

xD

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Meh, not really much to say here ...

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|+{;.kolki,.;;;

So uh, *minor* correction to the second to last update..

When I saw this, I audibly said "holy shit" out loud. And, of course, such is my life, my (lack of brain) hands decided to forget the beer placed in front of them due to excitement and now I probably need a new keyboard.

The very first line in this update was that process.
Neat right?

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: |

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Anddd then there's the daily.

wtf.

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The most recent quarterly high at 5.154 Euros I mentioned a few updates ago...

Nokia has yet to beat it.

Clearly, it seems as if it is quite the resistance...

Also remember me stating that it could also potentially be an inverted head and shoulders?

It happens to also be the 0.618 Fibonacci retracement of the yearly high and yearly low for this year.
Not sure how I didn't finger that one out earlier.
-.-

This one is seriously tough to call.
There definitely was accumulation going on at the lows judging by what volume WAS doing. Now, however, volume has fallen off a cliff directly underneath the most important resistance Nokia has faced all year. RIGHT at the exact resistance it needs to break. The 9 daily moving average will be directly under price action tomorrow, so this week could very well be the deciding factor on what Nokia does for the rest of this year.

IF Nokia can manage to break above this major resistance, look out above. If not? Welp.

TLDR: It's definitely going to the right.

Is this Bitcoin's gigantic extended right shoulder?

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Your shirt might make you feel good.

The reason I made mine is what makes me feel good.

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Okay, so. Remember the micro inverted head and shoulders I have been shilling?
This is a diagonal neckline.

Andd this, which Nokia briefly broke above this past week?
This is a horizontal neckline.

What about...

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UPSEES.

Technically speaking, that trend line is *one* of many legitimate trend lines considering the wick off the 2nd highlighted area, as well as the perfect daily open on the 25th.
Yesterdays close and the gap open downward today made me wonder though.

I decided to toy around in the much larger time frames than the weekly, which is what the above trend line is drawn from.
First thought I had was the quarterly 3m time frame.

With how the trend line is currently drawn in the above screenshots, this is how it looks on the weekly.

Now, this is how it looks on the quarterly.
See any potential mistake here?

There is a tiny bit of upside wick poking out on that January 2008 candle...
Let's fix that, just for fun. Bitcoin taught me one too many times that for best results, trend lines need to be as accurate as possible when dealing with very high time frames.

This looks a bit cleaner, yeah?

Okay, now the weekly.

Comparing the first version of this trend line with the recent one.

First version.

Most recent.

First version is absolutely cleaner than the cleaned up one.
BUT. Then there is the daily.

First version

Cleaned up quarterly.
EUREKA! Yesterdays close on Helsinki stopped perfectly on the cleaned up quarterly version.

Pros of first version:
Potential neckline with a perfect touch to form the head.
Not a single close below it since Earnings.
Weekly looks a bit cleaner.
Multiple perfect wicks/rejections.
A near perfect close at the 0.786 Fib retracement from where price started to rally from the trend line to the local high:

Cons of first version:
Much higher chance of more downside yet to confirm it as support.
Bull flag happened directly ABOVE the trend line but then lost momentum.
Cuts off price action on the quarterly candles from back in 2008. (This is quite important considering algos.)

Pros of the cleaned up quarterly version:
Much higher chance of more upside/re-test of the current local high.
The 2% drop yesterday stopped perfectly on it. Considering how large of a drop it was, I would think sellers would have easily busted through it if it wasn't a strong pivot.
Multiple other perfect wicks/rejections.
Bull flag happened directly BEFORE the trend line and technically hasn't lost momentum yet. (Easy argument to be made that the 2% drop yesterday [that closed perfectly on the trend line] was just a re-test for buying support. This is even further confirmed by the gap open below it with the daily closing back above it.)
Bull flag at the end of 2022 also happened directly before it. I could be wrong but I am pretty positive a bull flag happening before a major pivot point is people taking profit to add to their positions. Aka light reaccumulation before resumption of trend. A bull flag happening after a major pivot point is a sign of distribution, not profit taking. People closing their positions entirely rather than taking light profits and re-adding.

Cons of cleaned up quarterly version:
The high set in April does not touch. This COULD mean that my inverted head and shoulders thesis is incorrect. The beauty of that though is if this trend line is more valid than the first, it is a trend line dating back all the way to the all time high while respecting high time frame candles/wicks. It will produce significant price movement to the upside anyway once for sure confirmed as support. (Then again, a real 'confirmation' of support is just a significant rally from a pivot anyway, right? In which case, the perfect close yesterday and the action back above it today could be a good sign.)
Weekly picture doesn't look as 'clean' as in the first version.
No way to say "Price perfectly held the 0.786 Fibonacci retracement from the trend line break to the local high." as price technically did break below, it just didn't close below.

Either way, it will be interesting to see which of these two trend lines is 'more legit' than the other.
Considering the open interest in the options chain for the NYSE 9 days from now, things are about to get interesting either way I think. Will this be 6/18/2021 all over again, or will the substantial resistance breaks/LONG term trend line holds/RSI action/breaks, etc. recently be enough?

I got a FAT position in LEAPS, but I also got quite a sizable position in $5.50 calls for the 19th. A volume analysis I did on the NYSE shows that high volume should be right around the corner...

WHATCHU GON DO?
NOK NOK NOKIN on heavens door?

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:thinking_face:

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"Nokia announced it is sending a 4G internet service to the Moon during an upcoming space mission. The company says the technology will hopefully pave the way for more lunar discoveries and create opportunities for a human presence on the Moon and beyond.

The system is expected to be deployed during Intuitive Machines’s upcoming IM-2 mission, which is currently scheduled to launch in November aboard a SpaceX Falcon 9 rocket. Intuitive Machines’s Nova-C lunar lander will take the system and other payloads to our natural satellite, bringing Nokia’s 4G communications system to its final destination on the Shackleton crater in the southern region of the Moon, CNBC reports."

gizmodo.com/nokia-sending-4g-internet-moon-nasa-artemis-1850272996

Earnings on Thursday, 4/20.

UnknownUnicorn5836947

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