I can $SPOT a good R:R when I see one
Updated
Spotify... the newest streaming music service to hit the NYSE via a nontraditional IPO
I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains.
Looks like we have made a clean break of a wedge here; can we test the 1.618 extension?
Limit your risk accordingly, I have this as an ~ 3:1 R:R or potential to gain 3 dollars for every 1 dollar risked.
GL HF
xoxo
snoop
I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains.
Looks like we have made a clean break of a wedge here; can we test the 1.618 extension?
Limit your risk accordingly, I have this as an ~ 3:1 R:R or potential to gain 3 dollars for every 1 dollar risked.
GL HF
xoxo
snoop
Trade active
Note
'Spotify Technology , which went public in April, is the world’s leading music-streaming service by paying subscribers. Nearly a third of listening on Spotify happens through the playlists that its staff and software assemble, the company says.'Trade closed manually
got stopped at 173 in profitNote
failure to meet the 125% exhaustion level is a bearish sign?Note
getting closer to 125% sucks to exit early but better to have 1 in hand than 2 in bushNote
ahh exited too early :(Note
time to reenter?
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