Everyone is talking about "big tech" and some of those stocks (like GOOGL) will make a good move post-ER but their option prices are too elevated for a long position. So here we have a nice chart in Spotify, which reports before market open on Wednesday. Quick chart notes: > After dropping about $100 (from 365 to 265) and consolidating, price went down another...
Not much historical price action below 109. In at 109.75 and 110. Long swing. Really the chart shows it all. Lose 109 GTfO. Hold it and we gone
Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online...
Hi All, I saw someone tweet that its time to buy Spotify and something about Joe Rogan. When people sell off in such a way, its usually to fear. I think this is a typical selloff after its reached its target and the cycle it to start again, reaccumulation. The fib and the previous resistance level makes sense to enter and also can be a bear trap as a descending...
NYSE:SPOT SPOT has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted. There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios** SPOT has the potential to rocket with institution demand coming into play. This trade has the potential to reach...
SPOT is in an interesting position and testing a pretty important area of support when compared to it's price action in 2019. The recent selling pressure across the tech sector briefly pushed this stock back into the prior horizontal price channel (accumulation zone of 2019), and is trying to test this support zone between $148-$152 as we go into March. Bullish...
Liking market sentiment down here in potential Monthly demand zone. looking in and around zone will monitor closely, added to watchlist revisit weekly.. we are closer potentially to a buyers position (only if price becomes clear and PA is present ) as to the sell side our important r/r ratio is more worse.. let chart tell us which direction to trade...
Next earnings will be better than anticipated due to the Joe Rogan/medias pessimism. Based on my observation user numbers should be up significantly from the controversy rather than down. Company has been making aggressive investments for growth as priority rather than focusing on bottom line for now. Price/Sales = 2.86 Price is back to around IPO price, a good...
Nice push to break the flag today. If we continue higher tomorrow, there is room to retest area of sell off (ERs)
In my opinion $SPOT will test bottom demand zone, buying in green
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
News is just about narratives. I observed this Head and shoulders reversal on $SPOT back in august 2021. My exact words were " RIP #SPOTIFY and 155 is logical target". We just hit it. Cheers! Shoutout to Rogan Too Here is my chart from august 2021:
Spotify Earnings outperformed despite Joe Rogan negative media coverage. Potential buy IF breakout of resistance level ~$190, pessimistic TP level ~$250 for approx 30% upside
Just wait to buy so we fill the gap easy 20% perf thank me later, most of my analysis are correct
Today you will probably have the chance to buy SPOT at the price of its IPO in 2018. But the price target, in my opinion, it`s even lower. Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area. Looking forward to read your opinion about it.
I like it if it can stay above the 0.786 line _______________________________________
FB is effecting Spotify and other social media stocks in after hours trading plus, on top of that, bad publicity it has received recently all create for a great buying opportunity in the stock. Combine all this with a positive chart reading, you double your chances of an excellent buying window. With the trading day ahead I have drawn out where I think a good...
Earnings miss or news not received well. I am not sure. SPOT is below all of it's moving averages, but a lot of tech stocks are as of late. Short percent is 3.54% which is not super high. From the looks of the huge red engulfing candle today, some folks knew this was not going to be ideal earnings this afternoon. No recommendation. If you’re in a camp...