$SPOT Spotify Possible Weekly Bull Flag$SPOT Spotify Possible Weekly Bull Flag
Long-legged doji reversal candle last week. This week currently green.
Will be monitoring for a weekly close above ~$262 area for confirmation of bull flag breakout.
Medium term target: $340-$360 range possible by late Oct
Note: Not investment advice.
Spot
$SPOT - Run into E/RWeek of 7/27 is full of E/R that will surely swing the market. Even though we had some bearish macro indicators emerge during the week of 7/20, I'm expecting speculators to continue to bet on tech this week. Being said, I have prepared a rough draft of my trade plan for $SPOT this week. Would love some feedback in agreement or disagreement.
The first European tech stock with $50 billion market capCongrats 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, so if you focus and work to find the good news, it is right in front of you.
I have never owned Spotify and happen to be an Apple Music person myself, but once again, that is quite the achievement. In addition, they are going into podcasts, video, and more. Get ready Youtube and Apple podcasts. Competition is picking up.
Spotify | Sell Or Buy | What to do guide & Targets | 4H |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%) Correction
IF you are bull and want to keep riding or looking forward to getting in
The next target is $280 with a retracement forward of 261.8%
Trade safe and do you own DD.
Spotify Technology $SPOT "Breakout"$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
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Please don't trade according to the ideas, rely on your own knowledge.
Nifty set up for 16th JuneNifty took support around 61.8% retracement of last friday's trading range. If the price opens within today's trading range on 16th June, and upward movement continues , one can go long above today's high for targets 10153/ 10284....if price opens gap up, short nifty at Sell levels shown with their respective targets.
If Nifty is continuing downward trend or opening gap down, one can wait for price to touch buy level for the targets shown...Maintain decent SL...if SL hits, wait for same entry levels to trigger again.
Since today was a low volatile, huge movement can be seen tomorrow and Nifty may touch either of the buy or sell triggers by noon..
Banknifty intraday set up for 16th JuneBanknifty was rangebound today and 12th June's range is yet to be exhausted...Wait for prices to touch the trigger points and take positions....We may expect high volatility in coming 1-3 days and once the trigger levels are touched, we can expect Banknifty to form fresh cycle.