KEY TAKEAWAYS i. Spotify laid off 17% of its workforce in a third round of job cuts as it moves to contain expenses. ii. The streaming music service already reduced headcount in January and June. iii. CEO Daniel Ek blamed a changing economic environment that has created slower growth and higher capital costs. Spotify Technology (SPOT) shares soared over 7% in...
Spotify missed out on their earnings by 1.75%, this is why we are bearish. Furthermore, technical analysis also indicates a bearish sentiment as the chart forms a rising wedge. Entry price at 140.42 Exit price at 116.56 Stop loss at 145.66
Hi, Criteria: 1. Clean channel projection and couple of short-term rejections from it. 2. Round number $100 3. Liquidity area 4. Fibo Extension Do your own research and if it matching with my TA you are ready to go. Regards, Vaido
Today you will probably have the chance to buy SPOT at the price of its IPO in 2018. But the price target, in my opinion, it`s even lower. Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area. Looking forward to read your opinion about it.
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Is this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse. The pattern is labeled 1-2-3-4-5, where the...
The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at...