NYSE:SPOT seems poised for higher prices. I'm looking for an initial push towards 165 (where it may pause), then continue towards 175- 180. I may start position with at least 1 month until expiration. Have fun!!!
Inverse pyramid method - a way of tranching wherein “test buy” comes first before entering a significant allocation. Then when the price comes in favor of the trader’s bias, adding positions may apply which value is bigger than the “test buy”.
Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade. It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed. In those situations, set your stops at breakeven. Risk cancellation may give you more room to add...
the RSI indicator is at the overbought conditions which could result in a price drop. MACD is also showing a decreasing positive momentum and we may get a bearish cross soon. The move seems to be a little bit overextended therefore the correction may be expected. entry, stop loss and 2 targets are shown on the chart.
Hi viewers, SPOT bullish in last periods, here technicalls are still bullish to expect TP1:145 TP2:152
Spotify price just reached 160 usd per share, hitting 4 resistance trend lines, two major, two minor. Expecting some kind of pullback now.
Descending triangle Breakout looking for retest/rejection for puts
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Hello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term. With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and...
I am using Spot and GME as examples of Bull traps. Be real careful out there are a lot of bull traps out there. Do not chase. The macro picture is not that pretty. Sudden moves are designed to provoke emotions and get you to react. Be cool! Remember when everyone was pumping MEME stocks like GME only to collapse 80%? This is no different.
Spotify missed out on their earnings by 1.75%, this is why we are bearish. Furthermore, technical analysis also indicates a bearish sentiment as the chart forms a rising wedge. Entry price at 140.42 Exit price at 116.56 Stop loss at 145.66
Earning 4/25/2023 before Market. (Miss) Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone. Short Sell 139 Stop 150 Target 117, 100 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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A rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.
Here is one of the top breakouts choosen completely by computer scans based on relative strength.
NYSE:SPOT Spotify is offering customers a better experience on mobile devices. Spotify Launches New Video Feed to Keep Listeners Listening www.wsj.com
SPOTIFY platform leading music and podcasts in the media entertainment can be the reason this stock catches the same attention in 2020. Above this demand zone I see $SPOT trend back up to highs.
The PEAD projected a Neutral outlook for $SPOT after a positive under reaction following its earnings release placing the stock in drift A.