NOK LONG @ 5.15-5.20L @ 5.15-5.20
Candles are telling that pressure of buyers is strong.
1W candle is on the trigger price 5.16 and i think it is able to get 6.40 in fast move.
NOK
NOKIA - Sky is the limit 🌟-One stock to keep an eye on is Nokia (NOK). NOK is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 17 right now. For comparison, its industry sports an average P/E of 19. Over the past 52 weeks, NOK's Forward P/E has been as high as 29.52 and as low as 10.50, with a median of 16.41.
-Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NOK has a P/S ratio of 1.09. This compares to its industry's average P/S of 1.58.
-These are only a few of the key metrics included in Nokia's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, NOK looks like an impressive value stock at the moment.
Possible Triple Bottom and Bullish DivergenceNOKUSD was in a multi-year uptrend before COVID disrupted things.
We have now regressed far below where we were previously, and there is reason to think that a turnaround may be in store. At minimum, we are likely to catch a small bounce here.
1. Bullish divergence on volume-based indicators. With each of these three tests of 8.20, the OBV and Chaikin Money Flow have trended higher. This suggests that at least a small bounce is likely.
2. Longer term: NOK was in an uptrend prior to COVID, and this trend existed since 2011.
3. 2011 actually marked the end of a multi-decade downtrend, which was briefly disrupted by the 2008 recession, after which the prior trend resumed. Might the same thing happen this time, but in reverse?
4. The S&P 500 is starting to look overextended in an historically bearish seasonal period. A selloff would likely send the dollar higher against everything.
5. Lastly, and this probably isn't a good basis for a trade by itself, which is why I put it last, but you may have history on your side in this trade: “An analysis of the time-trend of U.S. dollar values over the course of a presidential term indicates that the U.S. dollar tends to start at a high value for Republican presidents and then depreciates, while the opposite pattern is true for Democrats.” walton.uark.edu
GBPNOK rotation, double bottom to longI'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the biggest volume. If something interesting will happen, my stop loss would be 11.4297, so i think we'll go up next week probably from saturday, but without a right reaction on levels there's no trade so be parioent and stick to the plan! Wish u good luck!
USDNOK BUY Hi All,
Looking at this pair we have an impulse wave 2 up from the descending impulse and also we are inside a downtrend diagonal which signals a trend reversal from bearish to bullish. This is not a short term trade, so you will have to be patient and stick to the sl marked, once price move 50pips into our direction you can move SL to entry or above.
Entry and SL marked.
Stocks/Technical - NOKIdea for Nokia:
- LLR Elliot Wave determined for a speculated bullish rally.
- Double Bottom/Wyckoff Spring setup.
- ADX and trend showing strength, almost enough to confirm non-noise relevance:
GLHF,
DPT
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End of USDNOK decline ??Hello
I hope you are well
This analysis is done on a daily basis and has long-term goals.
As you can see, Sharp has a rising price, but in the face of a gradual and slow decline. It is a downward trend. Finding a suitable point seems to allow us to make a good profit from the market. If buyers can break the trend line and the price of 8.38722 with strength, you can be a buyer every time you return to the broken trend line and the mentioned price. But from here, the chart can move to the price of 7.9619, the support zone of which is clear in the analysis, and then climb up. In any case, we are waiting for Kendall's approval. But on Friday, the interesting Kendall finished his work !!!!!
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Buy dollar mid summerIt will most likely bottom out mid summer at 7.7 NOK and reverse to the upside. I don't realistically see more downside than that. So, if you live in Norway it should be cheapest to buy gold mid summer. When crypto starts to bleed we will have more capital going into gold. Gold is kinda boring to buy because of the slow moves it makes but I think that is why it will rise soon. 3000 dollar Gold before 2025 is my bet. Wait for weekly RSI at 30 and then sell NOK and trade it towards Gold or USD
NOK closes on that 420 vibe NOK closes at around 4.20 that magical number, ive been accumulating NOK stocks for a while now in a hope for a crazy break from this decade long down trend
We are currently trading inside the golden pocket on a monthly time frame .66 .618
Nokia loves 2.24 level of FIBONokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only.
5-A=2.24 4-5
so target of the 5th wave could be:
C-5=2.24 B-C=$50 *shark reversal scenario*
Wave 3 starts in July and will last up to 4 yearsNokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
Divergence back to FX – Goldman SachsGoldman Sachs discussed the importance of divergence in a recent note to clients, arguing it will be a key driver of FX for the remainder of the year.
Goldman Sachs explains:
We think this divergence will be an important factor for G10 FX this year. It will help inform currencies respond to a faster or slower recovery than expected, and contribute to a different path for policy in normally closely-linked currency pairs.
The expected timing of policy normalization should support CAD and NOK (both components of our USD short basket) while it may eventually hold back GBP (which we currently recommend vs CHF, due to the UK’s successful vaccine rollout).
NOK bigger picture I am not a financial adviser. i am going to add Nok in my long term portfolio @ 3.90$ because its seamless 5G platform supplier.Looks good for long term play .
DEEP F***ING VALUE - $PLTR $BB $NOKHighly speculative play, based on momentum and value refactoring shown in my linked idea...
I am already in these stocks based on fundamentals.
I do not recommend trading based on this for fun speculation!
GLHF
- DPT
NOKIA ($NOK) gearing up for big move? 📈🚀 Penny stock breakout?$NOK is forming a rounding accumulation pattern with a bullish MACD crossover and an upward-trending RSI. The OBV (on balance volume) is also looking to break out with the same rounding accumulation pattern.
From a fundamental standpoint, $NOK has actually been fairly active on the contractual front. It recently picked up a few 5G contracts from large operators like Telenet in Belgium, A1 in Austria, and Orange. It has also signed a partnership with Microsoft ($MSFT) to develop private wireless products specifically designed for enterprises.
$NOK could fairly easily break to the $4.75 - $5 range fairly soon, barring an overall market retracement.
$GME longThe trend is your friend until the end. This setup with an entry @240 gives you a nice R/R 2:1
AMCI won’t bore y’all with the fundamentals that are the foundation of my bullish case, but, as you know, I’ve been cheering these social media stocks on. I have multiple positions in AMC. I added more at the predictable dip at 11am today.
My question to y’all. What do we close at today? My personal opinion is that it is going to be a very exciting PH (power hour).
My guess. 14$ eod :).
-for the sake of all my contracts expiring Friday. No worries. I got plenty o’ shares.
AMC spike and eventual GAMMA SQUEEZEMy first chart on the program and by all means no expert at trading, so bear with me. I see some recent trends here with AMC that I can't help but entertain some similarities to AMC's first spike. We all know trading was restricted and ultimately killed a lot of the hype around AMC stock among others (RIP $NOK) to keep everyone from buying in. People were selling other stock to just get in, all to be let down with losses AyyTmo. Not this time, This next round of spikes and ultimate gamma squeeze can't be stopped!
As you can see here, we just hit the latest resistance level, from the previous support level post restricted trading. I see that as if we wouldn't have restricted trading, that trend would have continued on 1/27 where we would have seen the continuous rise ultimately to the moon. That be in the short spikes continuously testing the support and resistance levels as folks buy in and out ultimately rising of the price. Since that did not happen, I think it's happening again. With all the shorts and squeezes happening to ultimately drive up the price as well, I see this as trading platforms not being able to stop history because the market dictates what it dictates.
My first chart I made, definitely more to learn but you can see where we can draw and informed guess on what might happen next and let's cash in $AMC and send $DOGE to the moon as well! Happy Trading!
CHF/NOK Short From ResistanceThis has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
NOK: Signs of Life? 1st Target $4.5NOK is showing signs of life, with good buy volumes. Cheapness aside and 5G growth, my view is NOK is a prime target for all the SPAC money out there to take it out. It's a real business with real cash flow. And at a ridiculously cheap valuation, mainly because we are in a market, fashionable stocks take in most of the money flow.
$4.5 could be easily achieved, then consolidate and target $5, 6, and $7 gradually as it does have a large float, not so easy to move.
CHFNOK for a test of the support 🦐CHFNOK on the 4h chart is moving inside a descending channel.
The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
