I see alot of retail excitement in Nokia $NOK but I'd be cautious in the short to mid-term


While yes it's broken out of a multi-year accumulation pattern from the last decade the long-term 27 year downtrend resistance still serves as the last wall to climb and that won't be easy to break.
Price is now right at the 0.618 fib an area it hasn't revisited since 2010. Highly unlikely imo that the stock will be able to break this on its first attempt in a decade. I'd expect some consolidation and digestion before higher
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