The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at...
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...
Spoify ( NYSE:SPOT ) Technical Analysis & Option Coverage
Spotify brings real-time lyrics to 26 countries, not including the US
The Play:
- Short-term:
Estimated Time: 11 Days Max
SPOT $270 Call @ $235 per contract
or
SPOT $270 Call @ $610 (more time)
- Long-term:
Estimated Time: 3 weeks
SPOT $300 Call 7/24 @ $480 per contract
Let's keep this one short...
