SPOT - SPOTIFY WEEKLY - DOWN THEN MOON? OR MOVE WITH ER?
All,
My two paths I see happening (personally green more likely I think)
Spotify I see as a "wait and see" day by day. ER is 27th and they are almost positive margins. Spotify on flip side has shown to be a flip flop on ER. 2 good / 2 bad etc. Without a doubt $196 if it does go there will be a massive boost and take it out of the pattern almsot gauranteed. I actually hope it dips there because its a very obvious support confluence there that can't be ignored. RSI etc all sort of indicate it isnt done going down, but ER being so close may trade sideways instead and hold these levels.
Either way add alerts in low $200s and watch it via daily next week week and a half.
My two paths I see happening (personally green more likely I think)
Spotify I see as a "wait and see" day by day. ER is 27th and they are almost positive margins. Spotify on flip side has shown to be a flip flop on ER. 2 good / 2 bad etc. Without a doubt $196 if it does go there will be a massive boost and take it out of the pattern almsot gauranteed. I actually hope it dips there because its a very obvious support confluence there that can't be ignored. RSI etc all sort of indicate it isnt done going down, but ER being so close may trade sideways instead and hold these levels.
Either way add alerts in low $200s and watch it via daily next week week and a half.