As of June 03, 2026, NOK (Nokia Corporation Sponsored ADR) is in a parabolic state on the weekly chart, with a confidence level of 83%. Key support is at $13.5 and key resistance at $17.2. Vertical HH/HL impulse to ~$17.0 followed by a sharp pullback to ~$15 and quick rebound; price still far above all MAs with RSI ~86 (very stretched).
Bullish continuation but with a likely consolidation: price chops/pulls back toward the breakout shelf and rising short MAs (often Wave 4 pause), then attempts another push to new highs.
Parabolic unwind: a deeper mean-reversion drop into the prior base/impulse origin zone (Fib-style 38.2%–50% retrace of the last leg), then a bounce attempt that may fail into resistance.
Weekly close above $17.20
Weekly close below $13.50
Buy zones mapped to likely post-parabolic mean reversion: prior breakout shelf (~$14-15), then stronger pivot support (~$13.5), then deeper retrace toward the fast-rising EMA20 area (~$11) if volatility expands downward.
Given parabolic extension and RSI extreme, trim into new highs (probable Wave 5 / extension) and scale more aggressively if price goes far beyond prior impulse projections where reversal risk rises sharply.
As of June 03, 2026, NOK (Nokia Corporation Sponsored ADR) is in a parabolic state on the weekly chart with 83% confidence. Vertical HH/HL impulse to ~$17.0 followed by a sharp pullback to ~$15 and quick rebound; price still far above all MAs with RSI ~86 (very stretched).
On the weekly timeframe, NOK has key support at $13.5 and key resistance at $17.2. The most likely scenario (bullish) targets $17.2 and $19.8, with a revert level at $14.8.
NOK (Nokia Corporation Sponsored ADR) is currently classified as parabolic on the weekly chart, with 83% confidence. Confirmation requires: Weekly close above $17.20 This would be invalidated by: Weekly close below $13.50
The most likely scenario (bullish) targets $17.2 and $19.8, with a revert level at $14.8. The alternative scenario (bearish) targets $13.5 and $11.0.
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