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%)...
Spotify is way overbought on the RSI, touched the upper Bollinger Bands, and MACD is turning downard.
WHY: - RSI is high - Shooting star price action - Just went on a crazy run, needs to cool off before moving higher
$SPOT broke $198.99 out last week with huge volume. It may do some pull backs test before it goes up 12 months Consensus Price Target: $171.50 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge.
Long Term - go long, but wait the end of the price retracement - always invest in the trend direction - if it is possible. Short term, go short as per below suggestions: Retracement Price Stage: Using Fibonacci Speed Fan. Target Price 1 - 220 USD Target Price 2 - 205 USD Fundamental News: Spotify Technology SA (NYSE: SPOT) gained this week after The Wall Street...
After two gaps as a result of the partnership with Kim Kardashian, this equity looks to be in bubble territory. Stoch shows overbought. Possible rush of Robinhood investors hearing their favorite app mentioned. Could it continue to go up? Yes. More influeners joining can bring it up higher. But there are more reasons on the technical end for it to go down.
If go over, 240, next target price is 245/423.60%.
Spotify has made a NUMBER of deals lately, honestly I couldn't really get a wave-count till now. SPY is on it's last legs finishing it's primary impulse wave arounf $250 per share, time-line may be sooner rather then predicted as this thing is going parabolic. Price target: $250 Range Local Support: $222.83 Will update with corrective predictions when we...
A nice bull flag breakout with good volume. 20EMA ($181) level can be used as Stop loss.
Stock closed at a All Time High and continues to move higher after-hours. This is a breakout from a 2 year range and has strong fundamentals and technical s to drive it much higher. $225 is the first major Fibonacci target to consider. RSI has room to run, as has the MACD which is reversing bullishly.
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🤔 Very critical crossroads of two major support levels for streaming platform Spotify. Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156. I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema...
This flag to me says we probably go lower. But it might also resolve to the upside. If you are long Spotify stop loss is 175...