All right, my fellow apes, all my fellow bag holders out there, if you are hurting right now, you're hurting right now. I've got some good news for you with noke with nokia. We have some solid news on the horizon. I'm excited to talk about the stock.

Today, let's get into the video what is up, everybody welcome to trader's trades. We have technical analysis on different stocks in the stock market, as well as potential buy holders sell opinions on these. Given stocks i'd like to preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt: let's just get right into the video! So today we're gon na be giving you guys an update on ticker symbol and okay. Nokia and i do have a position in this stock to be completely transparent.

It is in my fidelity account, but i don't want you guys to think i'm pumping it. So i'm gon na tell you right now that i do have a position for your information. I actually love this company. You got wrapped into the wall street bets situation, but it is actually a really solid company, so we're gon na look at this on the one month chart as well as the one day one minute chart, give you both a macroscopic and microscopic perspective of the price Action here i've got a couple: different indicators pulled up the rsi, which is a relative strength index, anything over 70's overbought.

Anything under 30 is oversold, the 200 dma and the 15ma. The 200dm has this purple line. It is the exponential moving average over a 2008 moving period, and this is a price, action-based valuation trendline over a 200-day moving period, and then we do have the 15 m a the moving average. Some brokerage accounts call this the sma, the simple moving average, and this is just a price, action-based valuation trend over a 15-day moving period.

I use these both to give both a macroscopic and microscopic perspective of price action, so we can predict breakouts right, for instance, if you've gotten into nokia back when this crossover first happened back here, you would have been able to get in at about uh. What would have been 3.98 and uh, even without this huge, huge spike in run-up? You could have got out at 5.34, which is a pretty solid return on the day. You can't be mad about that in the least bit and uh things on the charts are looking better now, so we're gon na look at that. I've got a fibonacci retracement that i could drop, but i'm not going to because this is absolutely terrible, really really harsh.

Retracement we're gon na talk about the company. I do have a news. Article pulled out that i'm gon na show you guys that should be pretty solid, should help out the overall price action here on the chart and uh talk about why. I think it is going to do pretty decent today, so let's just get right into the video first off, if you're not familiar with what nokia is we're going to read you off a quick article from their website.

Uh summary, i should say nokia oyj is a finland-based company engaged in the network and internet protocol infrastructure software and related services market. The company's businesses include nokia networks and nokia technologies. The company's segments include ultra broadband networks, ip networks and applications and nokia technologies. The ultra broadband network segment compromise comprises mobile networks and fixed networks operating segments, the ip networks and application segment comprises ip and optical networks and applications and analytics operating segments.

The applications and analytics operating segment offers software solutions spanning customer experience, management, network operations and management, communications and collaboration policy and charging, as well as cloud internet of things, security and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. We just check out their website really quick and take a quick peek at what we've got here to look at uh. Nokia has a lot of great stuff that we can talk about. So you know, they've got their q4 2020 earnings, which i will show you an article about uh they've got they've got creating positive business momentum in 2021 with six early signals, uh digital transformation data data fabrics right we've got the nokia phone, which is cool a network.

Could look like on the moon? They've got the 5g satellites that they're trying to get into space. I think there's a lot of potential here with nokia and we do have an article that was posted today february, 4th at 6 15 a.m. Eastern time now, let's just check this out quick, uh nokia will be discussing their earnings results and their 2020 fourth quarter. Earnings call to be held today on february, 4th 21 2021 at 8 a.m.

Eastern time, so listen to this event live or access a replay of the call visit this website to receive updates for this company. You can register by emailing these guys. Uh investor network is a financial content community serving millions of unique investors, markets, information, etc, etc, cetera. So we are expecting their q4 earnings today and from what i have read it does seem like we are expecting to have somewhere between 10 and 13 cents, uh earning, which is you know, with within their range right.

They predicted that, and it could be an overall pretty solid day. We did see a little bit of a drop right here right but uh. I suppose seven o'clock eastern time would be uh right about now. I think i'm not great with i'm not great with numbers and stuff matt's, not my thing, i'm an investor first and foremost, but i got my degree in nutrition guys.

So you have to you have to take that into consideration. But with that being said, i do think that could act as a positive catalyst for the stock and i would not be surprised to see it test and break five dollars test out 530 and we're just going to look here at the charts and see what we Can figure out about what's going on with nokia, the best possible entry points and how this chart is going to play out so previous price action we did just have a cross under of the 15 ma underneath the 200 ema, typically a pretty bearish indicator. That indicates that the price action in the last 15 days is uh not moving as well as the previous 200 right. So that means microscopically speaking we're not moving as well as we have in the past, and that's because of this.

This huge pump right. So we had wsb uh riding really hard on uh nokia for a little bit there, and it is because they had a pretty high short interest and if we actually pull up the nokia short interest, we can take a peek at what this looks like. I doubt it is as high as it was before, but we can take a quick peek here on fintel and uh. Give you an idea of what it looks like.

So if we pull up nokia's short interest as of the third the third of february, it is still 13.72 million, which was 14 of the total market volume in comparison to what we've seen in the past. That is pretty significantly lower. So i do think a lot of these shorts are are kind of done, messing with messing around with the stock um. So it should.

It should behave a little more nicely. We do have the q4 earnings earnings, as i mentioned earlier, and that's why we saw this huge pump right up to dollars and 84 cents uh and retracement wise. I know i said i wouldn't do this, but it retraced very harshly. We almost gave back 100 of it.

I'd say that was about 90, but, like i said, that is a big asterisk right. This is a very unprecedented event and that did affect the overall stock price. Pretty significantly in terms of volume, the volume is a little bit lower than we have seen here in the past. Rsi uh is trading at 42 right now, which is actually a pretty good time to buy in.

In fact, the stock is moving as we speak. It is currently trading at 455 here in the free market, and i i very highly anticipate that this can break five dollars today. If the q4 earnings does go well, i think it is very possible to see a break of five dollars. We are still as crazy as it seems.

Moving in an ascending channel uh, we are still setting higher lows and higher highs. Uh we did, we did have a pretty harsh pullback. This does look like a head and shoulders pattern. Here's the head shoulder shoulder neckline right, but i don't anticipate we're going to drop below previous previous highs here.

382 right, i i think you're going to continue to see nokia grow um and that's how it's looking right now we do have that ascending channel. On the flip side, we have a descending level of resistance. So if we connect a couple different touch points here in the next two days or so, i would anticipate that you see a break above this trend line because macroscopically speaking, we are still bullish. We are still setting higher highs and higher lows, even if it is just microscopically just barely right.

You take this blip out of there. I think you're pretty likely to see not anywhere near as much sell-off. I think people panicked a little bit because nokia is a good company, guys, there's a lot of money tied to doing things that nobody's ever done before putting a 5g satellite into space is astronomical, that'd be insane. So that's how it looks right now.

As far as entry points go, we know that we do have this ascending level of support right here right and if you were to enter on the bottom of the support line, you'd be getting at about four dollars and fifty one cents which is currently on the Oversold territory of the rsi, meaning that the stock is likely um under valued. Typically, the stock is oversold it is undervalued. You do not want to sell when a stock is being uh oversold. You want to buy on the on the dips, sell on the rips and you're going to look pretty good here with nokia.

So this is a great buying opportunity. I don't think there's a lot of risk involved. I think the downside really you're looking at maybe about four dollars and six cents, so 50 cents right um, not a lot of risk involved, but there is a lot of upside there's a ton of upside. I think no key in the next couple of months has a lot of potential to have some pretty insane growth, especially if they can make that happen.

The the overall 5g satellite. I don't see why this stock couldn't couldn't hit 78 bucks again here in the future, and we do have quite a few bids coming in as of right. Now there are 90 000 orders waiting to be filled at 4.51. So if this does pull back, i'd expect a lot of orders to get filled, as we are expecting that right now so um macroscopically speaking, this is pretty neutral.

We do have the 15 ma just underneath the 200 dma, currently a little bit uh oversold on the rsi great time to buy in currently in a uh, compressing and squeezing down a price action that we have this uh, this squeeze down on the pendant formation right. The price action is getting thinner and thinner, uh, tighter and tighter. That is typically a sign of an upcoming explosive movement, and this catalyst could act exactly as that. So that is how that looks right now, we've got that head and shoulders pattern which i don't think is going to play out into fruition volume down a little bit.

I anticipate that being up uh today in comparison to what we've seen entry point is gon na be perfect right around four dollars and fifty one cents. If you are able to get in at that point, gon na change over here to the one day one minute chart just for any last minute things that we can see. Price action was a little bit ugly, but we did see a stair stepping of higher lows and higher highs, an upward moving channel, and we did actually see the 15 m8 trading over the 200 ema for most of the day. That's that's not bad.

We ended the day a little bit green right. We ended the day green and uh. We gapped up in the pre-market before that. So i anticipate that you're pretty likely to see a continuation here i mean we did see a pretty hard gap down, but it is looking pretty bullish here in the pre-market uh coming back up to some of those previous highs.

So i i don't mind nokia. I think this is a great opportunity to get into the stock for very cheap. I think that gap down is pretty unwarranted uh, i think you're not gon na do bad whatsoever getting into the stock. That is what i have for the video today.

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