Potential long above $241 Target to the 50ma $258
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?...
SPOT Long Ideal Entry Level: 228.27 Price Target: 258.87 Stop Loss: 226.69 Contract: 10/16 270 calls (1.2k volume Today) Risky Contract: 9/25 240 calls
Spot recently slid 20% over the last week. Currently, the price is at an opportunistic level for a trade. Stochastic RSI has bottomed. However, the signal line has not risen above 20, which would indicate strong momentum. Currently, the momentum on the daily chart is indicated on the price action of the daily candle by the long wick which hit a low of 220....
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...
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. - Breakout past a 3-month correction - RSI +...
Double Top Pros: R/R ratio above 3 Descending Volume RS descending and below 0 Cons: 200MA ascending PPS above 50MA and 200MA 250RSI above 50 If confirmed: PT1 = 202,03 Bonus PT2 = 196,83 Bonus PT3 = 176,23 Bonus PT4 = 155,63
Same bullish thesis with different fib levels drawn from different highs and lows, we will see which prove to be more accurate.
After breaking out on Friday but failing to hold and closing just below, it looks set up to continue next week with good market conditions.
I am always hesitant to post on things I am in love with -AMZN MSFT NVDA AMD CRWD OKTA, etc; I have really nothing to offer but bullishness! Only when a setup on these is strong enough do I actually post (AMD for example, didn't post AMZN - seems like everyone on TV was already). Generally I am always in a rush to share something that I don't have a bias on as I...
SPOT broke out yesterday for a 280 -285 target. Sold today 50% at 264.5 Found a few resistances on left candles to got out 50%. So far looking good.
$SPOT is at an incredibility strong resistance point. MACD is just now crossing over. Looking like a strong swing.
SPOT Possible bull flag break out on weekly, round bottom on daily. Entered around 266 SL 245