$Nokia Oyj (NOK.US)$ The earnings report wasn’t fantastic bu...
$Nokia Oyj(NOK.US$ The earnings report wasn’t fantastic but I believe that was expected, they beat the expectations in some areas while acknowledging both forward plans and challenges. Ok not a horrible earnings report when they beat expectations even slightly. More important is on the month and year charts the current price is under the 50MA and the 200MA is well above the 50. This is usually indicative of an undervaluation with a good potential to rise in price to where the 50 & 200 converge, right now I’d guess $5.50 is the peak where are looking for short term. Look at the month, today was low volume retail traders getting scared at the drop on open. Yesterday was high volume of some sizable buys (5MM just after close yesterday). If the big money was dumping today the volume should have been much higher. I expect once the paper hands are out with their empty bags we will see this come back up into the $5 range.
I know nothing really, this is not advice on anyway but my own opinion and observations. I like the stock.
I know nothing really, this is not advice on anyway but my own opinion and observations. I like the stock.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Earnings : Hi, mooer! It is found that your post meets the topic of "Earnings Season: mooers' discussion". The topic tag has been automatically attached and your post will be seen by more like-minded mooers. Add the topic tag and participate in the discussion! Thank you for your support to moomoo.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")