NOKIA ($NOK) gearing up for big move? 📈🚀 Penny stock breakout?

16 mar 2021

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.