On the 2hr chart there is an ascending wedge where spotify is clearly trading in between. If all goes well, it should bounce off the bottom white line of the wedge, if not it should bounce off around the yellow support line (in theory). If it bounces from the white support line we can expect a 22% gain in a long term position. My idea of a swing trade would...
Hello traders, Description of the analysis: Spotify Technology ( SPOT ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. About me: Hi, my name...
Tony's Picks I enjoy analyzing charts and have come across this interesting idea that I would like to share for discussion. This daily chart for $SPOT shows textbook Elliot Wave Theory formations. Starting its IPO in 2018, Spotify immediately underwent a complete Elliot Wave Trend. Following this trend is a long Flat counter trend. In purple font color the...
Today we have a Swing trade to share; consider that this type of setups can take months until an exact resolution. Here we will give you a full explanation. Main items we can see on the chart: a) The price was inside a Huge range that has been broken; a good way to understand the target of the broken range is to extend the size of it towards the broken...
It has been months since I last plotted this and it exceeded expectations. Initial assumption on the left retracement is that the subwave impulse is complete and is doing a long correction. Good base so far. Take note of the following: >It can rally until the 100% of the right retracement if the overall market sentiment is positive. >Otherwise, expect the stock...
It's time to unload on longterm shares. No one is paying attention to Spotify SPOT . Media outlets and even us traders have both been rather silent on Spotify and it's movement. ~ This stock currently sits above what has proven to be a temp support @ $230 . We have a monthly support @ $227 Watching the orange downtrend as previous resistance, we just saw a ...
Diving into SPOT, if you've been in this stock this year you've probably been pretty happy with the performance. With a number of big product releases and the effects of JOE ROGAN and MICHELLE OBAMA signing exclusive deals to drive subscribers, the stock pumped so fast from around $180 to nearly $300, that if you blinked you probably missed it. Well, what now?...
My buy zone and target for Spotify (Not financial advice)
Missed out on this one earlier this year as would've loved to have gotten in once it broke that $160 level but had funds tied in other positions. Nonetheless, we're always watching and it looks like we may get another chance at a descent move in $SPOT. Remember, Spotify is like thr Netflix of streaming music. There's plenty of streaming music services but Spotify...
$SPOT Spotify Possible Weekly Bull Flag Long-legged doji reversal candle last week. This week currently green. Will be monitoring for a weekly close above ~$262 area for confirmation of bull flag breakout. Medium term target: $340-$360 range possible by late Oct Note: Not investment advice.
Spotify is breaking out of a descending wedge today. The stock price is also showing good relative strength on a weak day in the market for most growth names. Low risk setup with a stop at the low ~$246 (3.5%).
I WOULD WAIT FOR 300 TO BREAK AND HOLD TO GO LONG, OR YOU CAN GO LONG IF SPOT CAN BACKTEST 285.