Annual Trading Forecast for Nokia (2017)

Nokia stock (NYSE:NOK) is now a bull market. Price has currently gapped up, showing a serious bullishness in the market.

Price is above the EMA 21, and the Williams’ % Range period 20 has gone into the overbought territory. While there could be weak and transitory pullbacks along the way, the overall market movement would be bullish for this year.

Since December 2016, Nokia has been trending upwards (though there was some bearish correction in January 2017); and this is a trend that is expected to continue.

 

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