We've seen a similar setup like this before with NOK that resulted in a huge jump. Scaling 1:1 historical moves compared to this move, we should be looking at a price target of around $6.30. This would test the upper limit of the Bollinger bands and I would expect to see some strong pushback near $6.30. If we hit that mark, I'll be doing a follow-up analysis of where we can expect to go. A full bullish trend for NOK on the fuel of 5G being developed globally could be in the cards. Telecoms infrastructure still marches on as COVID moves through the US, meaning the upcoming earnings report could post better than expected.