Oh man, the market's so crazy right now i uh doing technical analysis on charts. Is it's becoming increasingly difficult to predict how stocks are gon na react, but we're gon na do our best here today with noke to get you as prepared as we can for the next trading day. So what is up? Everybody welcome to trades trades we're getting 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 purpose by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt.

The reason i started this channel is because a couple years back, i was about 30 000 deep in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy to Say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23.. I laugh because one guy said uh. I can't wait until i hear him say at the age of 24.. My birthday is on the 21st of june uh so coming up here, we're not quite there, but we're getting there one day at a time.

So if i can pass on any information resources or tools, they're giving me hear the community make a couple people better off than they were before. That's all that i can ask for last. If you would have dropped a like on the video, it really does help support the channel and consider subscribing if you like, to see more content like this now today we'll be giving you a uh, an analysis on ticker symbol and okay, nokia oij - and this is One of the stocks that has seen some really crazy movement because of this entire wall street bets thing. We've got a lot to talk about here, uh on the charts, we're gon na look at this, both macroscopically and microscopically.

The one month chart as well as the two day, one minute chart to give you an idea of this holistically. Look at the overall volume. Uh take a look at the indicators. I've got three pulled up: the rsi, which is a relative strength index, anything over 70s overbought, anything under 30 oversold.

I have the 200 ema, which is the exponential moving average, and this is just a price action based valuation trend line over a 200 day moving period and then the 15 day vomit, which is the volume adjusted moving average, and this is uh. A price action based valuation trend line over a 15 day moving period, adjusted accordingly to the overall volume going to the stock. I do use a 200 ema and a 15 day vomit, so i can get both a macroscopic and microscopic view of the price action. I do find this is a great way to predict upcoming movements in a stock, and that is definitely possible here with noke.

So we'll talk about some different things, we've seen here on the charts level off some support and resistance, i will drop a fibonacci retracement. That way, we can get an idea of what we may expect. We did have a very, very harsh selloff with noke. Of course, this huge wick is, is very strange and and not very indicative of the price action here, but we'll do our best to uh.

Give you guys some ideas of what to expect uh? Of course, this is. This is first and foremost, very, very, very important for you to know there is extreme risk get involved with getting into any play that is associated with wsb at this given moment. So uh make sure you're doing risk management uh. Please don't take any financial advice that i give you i'm not giving any financial advice, i'm just simply presenting you with the information so that, if you are going to invest in milk, if you have a position in milk, i can be of some assistance to you.

Now, let's just get right into the video, but first i want to give a quick shout out to the guys over at the patreon. We are over 600 members, strong, which is absolutely insane, i'm so grateful for everybody here. It means a lot to me. A month ago we had like 10 people in here so uh.

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The description box down below and some people here make a pretty good killing guys. Yesterday we had uh amanda uh lamyak make 48 in a single day. Itachi uchiha, oh man, i love naruto. I've got a naruto tattoo, that's actually that's that's! Pretty cool turned 137 in the past week, filthy.

Absolutely insane, like i said uh, the link is in the description box down below now, what's happening. Why are we seeing this insane insane movement? Well, we have what is uh, what is becoming some pretty insane uh stuff happening with wall street bets, and i i am a part of their discord, so i can keep up with what's happening here and they do have a reddit thread. So what is happening? Is these guys are coming together and they're saying? Okay, we know that there are big wall street guys out there, big hedge funds, that are shorting stocks and crushing the market and and taking money from retail investors like you and me, and i'm gon na stay as a political and unopinionated about this. As i can just present the information to you as unbiased and transparent, as i possibly can, but essentially when you see a hit piece, come out on a stock uh, let's say for instance, fuel cell, we saw a hit piece come on fuel cell people gave it A price downgrade, they said, oh man, this shouldn't be worth 20.

This is a nine dollar stock. Get out get out, get out, drop to 15 bucks right. Well, i can't see what happened there. I know what happened.

Is these hedge funds shorted the stock down to 15 bucks? They got out, they took money from retail investors like you and me profit, i i did not get out of fuel cell i held at that given moment, but that is what's happening in this instance. So another instance maybe mvis. We know that mbis is a very heavily shorted stock and it would not be surprising. Of course, this is speculation with nbis.

I don't know this about nvis, but i do know what about fuel cell? It is possible with nvis and uh that that this is another situation where the big hedge funds or the wall street shorters are saying: hey get out of this. Get out of this. It's garbage, don't buy, don't buy um you're gon na lose your money and they short the stock on the way down, get out. Take money from retail investors like you and me well, wall street bets what they're doing and it's very interesting.

This is going to make history someday, whether you agree with it or disagree with it. This is unprecedented times in the market that we have never ever ever seen before. What they're doing is they're saying all right. These wall street guys these hedge funds that are shorting stocks, such as gamestop amc, noke, um, ctrm, sundial, we're gon na hit these companies and we're gon na make you guys pay up.

We're gon na make you guys covered uh on your shorts and squeeze this stock and we're gon na put you guys out of business and the big big company that we're seeing this happen with right now is gamestop noke is having some pretty pretty solid price movement. It is up, but gamestop is the stock that started all this man. I looked at this earlier today, but every single time i look at it just blows my mind and they're trying to get the stock to five thousand dollars, which would be absolutely insane. I i i mean you, the market makes no sense right now, companies that were about to go bankrupt like gme amc.

Both these companies are about to go bankrupt and they are going absolutely insane right now in companies such as the ngo nano dimensions they're pulling back. I mean every everything about logic: that's involved in the market. Right now is just not present and it's absolutely crazy, but nokia is a stock that was targeted by wall street bets and basically, what they said is hey. If we all come together, we buy this and we hold this stock.

We can push this and squeeze some shorters that are betting against this stock and make a lot of a lot of guys really hurt and people. Surprisingly, maybe it's not surprising that they're they're buying into this, and i think you got a lot of people out there with stimulus checks, they're saying all right. You know what 300 bucks i'm gon na put 300 bucks of my 600 stimulus checker. Maybe the whole thing they're putting their stimulus check into these stocks and saying at this point i don't care if i lose 600, because if i do uh guess what i lost 600.

But if i can contribute to the cause of getting getting back at the man right, getting back at these big guys that are that are beating the crap out of all those retail investors taking money from the average person um that i'm willing to be a part Of that, and what's actually interesting to me, is this sort of market manipulation has been utilized and we know this. We all know this uh, it's just it's not written in plain writing, but it's there on the table. If you want to look at it, um is they: they have been market manipulating for years, and now people are using tools that are presented to them. To do the same thing and people are losing their mind.

People are going insane about this. The wall street guys don't like this: the hedge funds, don't like this they're down billions of dollars, i've seen numbers between 5 billion and 10 billion dollars on gamestop alone, and that's insane, that's absolutely mind-blowing, and no, that's that's why we're seeing nokia run up so that Was a very long uh, you know explanation, but i do want to be as helpful as i can and explain to you why we're seeing the market the way it is so nokia is no exception. We are seeing a pretty harsh sell-off and why we saw this. We saw this across gme nokia and amc all what happened is wall street bets? Their reddit thread got shut down momentarily yesterday.

It is back up and running today, but when that happened, people panicked, we saw some hit pieces come out, people are saying wall street bets was shut down, brokerage accounts are gon na. Let you trade these stocks, we're gon na lock up gme uh, you better sell. Otherwise, you're gon na get screwed right and uh people panicked and they stole out of the stock, but we are seeing a bounce off of a lot of these different companies. Gme saw an insane bounce.

Today they touched a new all-time high. Absolutely insane amc saw a very nice bounce today. Bb is another stock saw a nice bounce today, they're currently trading at 23.25, uh and noke is a little it's a little bit slow to the game, but it does look like. We saw some price rejection here at that five dollar range and it is coming back up now.

It's currently trading at 558, so macroscopically speaking, what are we looking at? Well, we had a really harsh retracement and if you exclude this wick, i think you're going to get a better idea and sure enough. You do so if this did touch nine dollars, but this stock was halted yesterday and uh. The price action was very, very goofy. So if we look at this on the two-day chart, i'm gon na change it over to the one minute you can get an idea of what i'm talking about.

We had a really crazy strange gap up, so this went from six dollars all the way to a high of 9.75 and from there harsh harsh sell-off, and that is the. I don't think i've ever seen a pattern like that. A candlestick pattern like that the charts ever this makes no sense whatsoever, but that is i'm gon na exclude that i think that's an asterisk. So if we retrace from the peak of this run up right here, we're looking at a retracement of about 5.96.

So we're currently below that 61.8 retracement and if we drop it down to just the bar, we're looking at a retracement of 580., so you're looking at a resistance level somewhere between 580 and likely 596. we're gon na roll with 580, because we are closer to that. It does look like nokia's on the move right now. Volume is as high as it's basically ever been right now in the extended hours in the pre market, seeing a lot of buying pressure, and i think some short sellers stepping in here look at all this red volume, guys that is insane.

That's a lot of red volume. This is this is trading like it has never ever traded before stocks like milk amc, gme are insanely high volume, which is making them very, very volatile, as i've said multiple multiple times, there's a lot of risk involved here be very cautious. Watch these stocks closely. If you decide to get into them, i am not going to advise anybody to buy into these stocks.

I'm simply presenting this as information to you to help out if you decide to get into these companies, so that is what we're looking at right now: retracement 581. If you're looking at an entry point into the stock, i'm not advising you to buy in, but if you do decide to do so, it does appear that the floor of this stock was 509 as of now, and we do have a couple different touch points here. One two uh, almost three different touch points. So if we lower this a little bit and just get that touch point here, we will call this five dollars and one same so 501 does seem to be the floor.

This stock is very, very volatile. You can see. We swung you know from five dollars all the way up to almost ten dollars and then all the way back down to five dollars. So i think that you're looking at an opportunity to get in it, could very easily present itself uh.

I i urge you not to buy this out of fomo the fear of missing out. I think that if you were patient - and you do want to get into this company in the short term uh - i think that's a great mid to long term company, but for now the market. This is not in that situation, where we're investing into a company's fundamentals. This is a traders market and we just got to be completely honest with ourselves.

Nobody is investing in these companies based off of their value. They are trading stocks to turn a profit based on where the money is moving right and noke is in that current situation. Right now, so that is what's happening if you are looking to turn a quick profit on this, be very, very careful. That is that i want to say that first and foremost, five dollars is the floor.

We have a retracement at 580. um, so you're, looking at a resistance level here at 580.. If you see a rejection, i think you'll likely see it come back down to five dollars, and that is an entry point for you, but risk mitigation police said it truly. Stop loss if you decide to get into this uh, please know that you could end up walking away with no money here.

There's a lot of risk involved with this much volume and this much volatility. So that's how we're looking here on the one month chart! It is bullish if you have the crossover with the 15 vomit over the 2008 gapped up exponentially here yesterday, pretty harsh selloff in the after hours, but we are bouncing nicely in the pre-market. 15 obama is currently moving down, but i do expect we're gon na see a reversal on this. If this does continue its upward pattern, we have, if we come over here to the two day, chart pretty nice wide bar candles for what i saw on the one month chart that is reversing the stock here.

So we see this pretty big dip. You know we've got a double bottom, but it is a descending double bottom, so not quite huge bullish territory. This is kind of like an inverse cupping handle, but nonetheless it is moving and we do have wow. That was good timing, oh at six o'clock.

That's why so we do have. You know quite a bit of volume, that's pumping into this, and it does appear that noke is starting to move. I'm not sure why this isn't zooming in right, but i'll try one more time there we go so we're looking for a wide range candle bar, and that is going to indicate to us that noke will continue. This bullish run, and it does appear that we have a lot of volume here that is going to help drive this up.

So uh we're looking for a push over 580 and you should see some pretty nice price action on noke now. Looking at this one more time, we have a peak here at nine dollars and i believe, 75 cents. I will draw that up as a level of resistance. I don't know if we're going to touch that i can't predict.

I know people are always asking. What do you think this is going to hit? What do you think amc's going to hit gme noke bb there's no way. Anybody can predict that right now anybody that's throwing out numbers. There's there's absolutely no way that you can give an honest, uh price target on any of these companies, because this is not how the market has ever traded.

This is not predictable. Uh. We can look at previous trends right, that's what i'm doing with technical analysis. I'm looking at previous trends and i'm saying, based on what we've seen this is what could potentially happen and that's the best that i can offer you guys right now, and i hope that that was helpful for you today.

Last thing that i want to show you is the overall volatility and we do have a pretty harsh correction, so this did touch na 88 on the rsi indicator and came all the way back down to 38.. So if you were able to buy into this when it was touching 38, that was the time to buy and mitigate your risk. Now we are currently still trading under 50 right and we do have some volume stepping in now. We do look like we're having some movement on the stock, so every time that you see the rsi dip this low we want to buy the dips, sell the ribs.

That is the best case scenario here. With a company like noke buy, the dips sell the rib, that is, that is uh. What i've got for you today, and i hope that was helpful. So if you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing.

If you like to see more content like this and lastly, i have an affiliate link in the description box down below for weeble weeble is a brokerage account that allows you to trade in the after hours and pre-market starting at 4am cst. So if you do use my link, you receive 4 free stocks with 100 deposit great way to support the channel, as i also receive a free stock. If you're not interested, that's totally fine. I don't really care my friends uh.

I just appreciate your support by taking the time to watch my videos, so that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.