When I hearded of the IPO of spotify the first reaction was stay away… Now there is a long opportunity for a local bottom. BIO
As it always happens. It has been a rough time since IPO for the renowned music streaming service. It’s hard to estimate the “true” value for a company like that. While everyone was ecstatic when it only become listed. The biggest and only one music service on the market. Now what we see is when people realize that it also should bring profit. And now what we see...
Critical level to watch and buy if it breaks the wedge! Fib 61.8 and 38.2 nicely tested. Making Higher lows.Sellers have been tested 3 times and the next time it just may go high! Interesting Chart to watch the price action and buy if any bullish candle on the wedge.
Bullish Cup and handle pattern's target confirms bearish Three drivers pattern.
Good time to short Spotify again...shows a nice Harmonic BAT. PIN bar formed 171.85, price failing..mostly it will open bearish. Short in the next red candle. Max it it go up to fib 1.618. Target price all to 160 levels.
Spotify... the newest streaming music service to hit the NYSE via a nontraditional IPO I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains. Looks like we have made a clean break of a wedge here; can we test the 1.618...
Not a fan of stocks, but love watching IPO's: NYSE:SPOT just released this week; here's my take on the chart after it's first week of trading... Price action has now put our first bottom in place, where I'd expect 134 to be the HARD floor price before any further declines. However, the range (green shaded zone) from the past 2 days, 'IMO', is the catalyst...
High IVR commanding rich premiums Max gain > max loss Volume very for IPO, seems to be settling but could go anywhere
SPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING!...
SPOT could potentially challenge its IPO highs from this pattern.
GOT TIPS FROM SERIOUS SOURCES, SILICON VALLEY GUYS Prices about to EXPLODE, selling all my stuff ASAP to invest What's your take on this? Also thinking about these Spotify stocks, or should I say Spotify SUCKS! CRYPTO 4EVER FOLKS
Spotify recently went down greatly in price, however, this is also affected by recentness of their IPO as well as activity going on in the DOW Jones. Currently, they are still emerging in market acceptance and are expected to rebound at a price of around $120, with expectations of some very long term potential positive correlations. It is medium to high risk but...