SPOT/N trade ideas
spot lookin' spotty. swing short.spot with the legit h & s pattern. weak price action. yesterday's bounce should have continued for spot but overall market weakness dragged it down. if spot continues to get weak price action expect waterfall price action.
SPOT; Head and Shoulders vs Wyckoff dosDisclaimer
This is purely a chart analysis, nothing more. I know very little on the analyst ratings for Spotify, I have little knowledge on the ownership, news, business plans, nada.
Double bottom on the dailySpotify looking undervalued and nice double bottom on daily candle. Looking like a good buy signal if Monday candle is bullish.
disclaimer: Not financial advice
POTENTIAL HEAD AND SHOULDERS IN SPOTPotential H&S pattern emerging in SPOT. Trigger below 211. first target 198 then 184. Stop at 221 NYSE:SPOT
SPOT, at CrossRoadSpotify, the famous audio streaming portal has completed a head and shoulder top
However, price is sitting around the median channel line.
Which is why i feel it is a 50-50 case
Should neckline be broken down, next immediate level is around 198, further downside includes 160 and 120
However, if this is just another complete retracement and price begins to go up, immediate level is around 280
Just a research opinion
SPOTWeekly chart of SPOT. Shares are currently at the 61.8% retracement from the Covid lows. RSI is also at a critical support at 38.2. This RSI level provided strong support in the past. So, needs to hold this level.
$SPOT Majorly OversoldSpotify shares overreacted to the earnings call a couple of days ago, but it left us with a phenomenal buy opportunity. I am targeting $290. Good Luck!
SPOT
Retracement to the critic support, right now needs still above the support, I expect a bounce from here... maybe happens, maybe not
Spotify (SPOT) Stock. A Lot Of Buy Signals On D1.Spotify (SPOT),D1: Support level + Bollinger bands + Hammer + Volume + Oversold + Discout
SPOT LONGGoing LONG on Spotify.
Looks like a great entry zone, will DCA over coming weeks should the stock dip any further.
** NOT TRADING ADVICE **
Spotify...... possible H&S patternH&S.....on monthly chart,..........................................
SPOTIFY SHORT?Head And Shoulders Pattern (not confirmed)
At the moment we have the 400 SMA support and right below that the 220.56$ support line (neckline).
As long as we have no closed candle under the neckline we don’t need to worry about lower prices.
If we get a closed candle under the neckline we could have a bullish-to-bearish trend reversal.
$SPOT Bullish Inverse Head and Shoulders & Bull FlagSPOT formed a bull flag while retesting the neckline of the bullish inverse head and shoulders. I expect price to break out of this flag to the upside.
Earnings are 7/30, In 7/30 260C @ $3.60
SPOT 20% to 60% short after earnings report if not big surprise?DISCLAIMER: I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own shares of NYSE:SPOT
Trend behavior looks to me like pricing-in ahead of missing a big surprise from the upcoming earnings call, anticipated on July 28th. Even the 37% surprise in April was met with a $55/share price drop. The lower support for the past few years looks like $133-$100 range, with a recent support range between $230-$215.
SPOT (update every week)A correction is necessary for go up again, so:
Short term 📉
Med term 📈,
The best zone for bought it is the red zone, be careful!
SPOTLooks like it's being accumulated and preparing to spring up. Could get a nice 15% to 25% bounce.
SPOT afterhours 26 June 2021 Gap Fill AnalysisAfter 28 April 2021 earnings SPOT gapped down from 292 to 269 and then saw a long downtrend to lows of 220. They did start to pick up and closed at 266 range. Looking for a push past 269 before entering my trade, looking for a possible gap fill play. On the downside, we did see a gap up this week from 255 to 265, so if we do end up reversing and falling under 265, we could be looking for a retracement down to 255 to fill in that gap up before running back up.
I am just watching SPOT right now as we head into Fourth of July weeks and trading volume could be increasing or decreasing as people are starting to go on vacations for the holiday weekend. We will have to wait and see what SPOT does come premarket Monday morning and throughout the week.
