SPOT/N trade ideas
SPOT predicting for next 1 monthPredicting for next 1 month of Spotify stocks. I this the sotck will after 06.05.2018 go up to next level on 175 and 180
SPOTIFY IPO; Ready for for a 30% gain after it's opening week ??Not a fan of stocks, but love watching IPO's:
NYSE:SPOT just released this week; here's my take on the chart after it's first week of trading...
Price action has now put our first bottom in place, where I'd expect 134 to be the HARD floor price before any further declines.
However, the range (green shaded zone) from the past 2 days, 'IMO', is the catalyst for a breakout, ideally in the upper direction. There is the option for a breakout below of course, and a bottom retest, but it is my opinion this does not occur.
It's first stop? It's 'ATH' on opening day (169), where naturally would anticipate a reaction/stall/retrace, and further continuation up to the next level (175), where I'd again see a stall, ?retrace?, before finally making its way to the 188 price level (green hash-line). Time frame for this is not relevant, but with the current markets volatility increasing, and this still a new issue, might happen sooner than later.
It is here where depending on how price action moves at this level, I would determine if it makes it's way towards 200 or we see declines back towards the original breakout zone (green shaded area).
Will update as price hits any of these levels, above or below. Excited to watch it play out. Let me know your thoughts or if anyone is buying :)
(full disclosure: I do not own this stock at time of analysis, nor do I intend on purchasing at any time; consider for education only)
** These are based off current support resistance, supply and demand, and measured/forecasted moves.
#Spotify doesn't look right...Not of a big fan of their methodology for going IPO. It just seems like they're trying to sell their shares at almost $30 billion in market cap... This is almost as big as $SNAP during IPO. Financials don't look impressive either. I'll be considering a starter position with some put options and will add either on the earnings gap up or down.
SPOT | Iron CondorHigh IVR commanding rich premiums
Max gain > max loss
Volume very for IPO, seems to be settling but could go anywhere
Spotify(SPOT) inside day after IPOSPOT and DBX are 2 IPOs that the market put the most focus on this year.
DBX got an inside week to trade, and SPOT got this inside day.
Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15)
If it's shortable,
the first inside 15 on the IPO day was OUTSTANDING!
So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout!
If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
SPOT is finding its valueNeutral and observing, took a gamble and do have some skin in this game so watching how it develops.
Spotify: $120 Aim & ReboundSpotify recently went down greatly in price, however, this is also affected by recentness of their IPO as well as activity going on in the DOW Jones. Currently, they are still emerging in market acceptance and are expected to rebound at a price of around $120, with expectations of some very long term potential positive correlations. It is medium to high risk but fairly investible for a short target (given little stock history)
SPOTIBUYChannel down
Breakthrough resistance
--> nice price, buy the shite outta it fam uk.tradingview.com
