$SPOT time and time again has shown solid technicals. Starting from late 2018 it has traded within its volatility box up until May this year when it broke through $162 with conviction. It then continued to trade within another volatility box up until June, before positive news catalyst pushed it up to trade at around $275 today. It looks read to break out of its...
SPOT HAD A STRONG CLOSE ON FRIDAY, CLOSED OVER 271 RESISTANCE. AS LONG AS SPOT HOLDS OVER 271 IT CAN MAKE A MOVE HIGHER TOWARDS 300 THIS WEEK.
TRADE IDEA: 282.5C 7/10, 290C 7/10
Congrats to Spotify. Here's a fact I just read: they are the first European tech company to hit a market cap of $50 billion. Hopefully this inspires more apps and tech improvements like it out of Europe.
How much higher can it go?
I don't know. But he breakout is really fascinating from a tech perspective and global story. There is a lot of bad news out there,...
Weekly technical analysis along with another huge options play.
Please refer to the related SPOT idea below to see the entire play.
We Hit Thoseeeee
DotcomJack | Easy Loot
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...
SPOT has been on an amazing run. But it has now reach overbought levels, it is parabolic on its weekly and monthly charts. Friday it showed weakness, and usually in an overextended stock, the first signs of weakness brings a correction. I think we can see SPOT come down to the $237 level.
Such a tricky short opportunity, price moves so wide but important to focus on the BIG PICTURE...
- Hourly RSI is FINALLY starting to show downward movement
- Is so parabollically detached from the 200MA it is ridiculous , the short opportunity is coming this next week I believe ..
- SPOT likes to Pump/Drill one way for the first hour of trading and then choose...
First post.
Spot had an amazing break out. However, MACD starting to curl downwards on 15, 30, 45, and 1hr charts.
Watch out for profit taking, I would expect a retest of the 200 price point before blasting off higher. Tried to get above 229
that seems to be the sell zone for now. A series of lower lows and lower highs start to appear on the 1min and 5 min...
Tickeron AI shows that Spotify Technology S.A (SPOT, $241.76) was one of top quarterly gainers, jumping +94.61% to $241.76 per share. Tickeron AI analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 95 of them (90%) charted an Uptrend while 11 of them (10%) trended down. A.I.dvisor found 87 similar cases...
Is summer cancelled? By the way things look it might be....Spotify has had a big run in the past 2 weeks with new podcast and etc. but with less people going out and upcoming lock downs I think we can see around test of $220-$210. GLTA and stay safe!
Spotify has finished it's decent juicy long-run; now calling the top here around the $250-$253 range. Will have to wait for price clarification before directly seeing what the corrective wave will be.
Price Target: 222.94
SPOT has reached oversold conditions at 76.65 RSI on new highs.
It has massive gains in the last two days of 21%. I will call for a correction.
If you bearish the follow Targets are 38.2% correction at $217.48. (5.57%)
Second Target $210.09 with 50% retracement with or (-9.48%) correction
Last Target $202.12 with a 61.8% retracement and (-12.48%)...
