SPOT 20% to 60% short after earnings report if not big surprise?
DISCLAIMER: I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own shares of
SPOT
Trend behavior looks to me like pricing-in ahead of missing a big surprise from the upcoming earnings call, anticipated on July 28th. Even the 37% surprise in April was met with a 55/share price drop. The lower support for the past few years looks like $133-$100 range, with a recent support range between $230-$215.
DISCLOSURE: I own shares of
SPOTTrend behavior looks to me like pricing-in ahead of missing a big surprise from the upcoming earnings call, anticipated on July 28th. Even the 37% surprise in April was met with a 55/share price drop. The lower support for the past few years looks like $133-$100 range, with a recent support range between $230-$215.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.