Long Spotify
Strong growth during COVID outbreak.
We are basically looking at a NTFLX in the audio segment, but with a way stronger monopoly.
While NFLX has taken off during COVID, SPOT has moved relatively little.
On the technical side, strong upward trend, about to retest previous resistance level of around 160$, already tested 3 times in the last 1y.
We are basically looking at a NTFLX in the audio segment, but with a way stronger monopoly.
While NFLX has taken off during COVID, SPOT has moved relatively little.
On the technical side, strong upward trend, about to retest previous resistance level of around 160$, already tested 3 times in the last 1y.
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.