NOK Long Idea (+5% Profit)
Hi,
As Nokia has got an extra tailwind now winning a NASA contract for setting up a lunar 4G networks, we might see Nokia targeting a $5.00 per share level again this year.
Now the price has broken out from a symmetrical triangle (red and pale solid lines) targeting a major resistance level at $4.50 per share. As an alternative view, the price has been forming an ascending triangle (see a red dashed resistance) line and is likely to bounce back to $4.26 per share level.
MACD also suggests the price has got an uptrend momentum.
Either way, $4.26 per share looks like a good entry level for a long position with a short-term target $4.50 per share.
As Nokia has got an extra tailwind now winning a NASA contract for setting up a lunar 4G networks, we might see Nokia targeting a $5.00 per share level again this year.
Now the price has broken out from a symmetrical triangle (red and pale solid lines) targeting a major resistance level at $4.50 per share. As an alternative view, the price has been forming an ascending triangle (see a red dashed resistance) line and is likely to bounce back to $4.26 per share level.
MACD also suggests the price has got an uptrend momentum.
Either way, $4.26 per share looks like a good entry level for a long position with a short-term target $4.50 per share.
Trade fermée: ordre d’arrêt atteint
NOK was not able to break 4.30 level and return to a major support at $4.00.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.