Looks like NOKIA is ready for a major reversal under few conditions:
Anyways, let's see how integration of 5G network in nokia products might influence the stock in positive way.
So at least I'd dare to say that NOKIA is undervalued at this point of time.
- Price must break above resistance downtrend line.
- Chances for a serious bullrun will rise if the breakout takes place inside greenest area.
- To confirm a bullish incentive we must look for reversal patterns on daily TF.
- Under these circumstances, for this scheme to work out, price must not break below green support line.
Anyways, let's see how integration of 5G network in nokia products might influence the stock in positive way.
So at least I'd dare to say that NOKIA is undervalued at this point of time.
