SPOT FAILED TO GET HIGHER, OVERBOUGHT = CONSIDERING PUTAt 257.23 ATH got heavily rejected
Shooting star = reversal signal
Considering PUT if under 240
GAP DOWN target at 238- 234 - 229
S1PO34 trade ideas
SPOT IMPULSE FINISHED - SHORTSpotify has finished it's decent juicy long-run; now calling the top here around the $250-$253 range. Will have to wait for price clarification before directly seeing what the corrective wave will be.
Price Target: 222.94
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.
SPOT SHORTSpotify is way overbought on the RSI, touched the upper Bollinger Bands, and MACD is turning downard.
Short term Short Long term Long ya diggggggWHY:
- RSI is high
- Shooting star price action
- Just went on a crazy run, needs to cool off before moving higher
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
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Spotify Technical AnalysisLong Term - go long, but wait the end of the price retracement - always invest in the trend direction - if it is possible.
Short term, go short as per below suggestions:
Retracement Price Stage:
Using Fibonacci Speed Fan.
Target Price 1 - 220 USD
Target Price 2 - 205 USD
Fundamental News:
Spotify Technology SA (NYSE: SPOT) gained this week after The Wall Street Journal reported the company has signed an exclusive deal with Kim Kardashian West for a new podcast focused on criminal justice.
Robinhood traders will be tasting reality of a bubbleAfter two gaps as a result of the partnership with Kim Kardashian, this equity looks to be in bubble territory.
Stoch shows overbought.
Possible rush of Robinhood investors hearing their favorite app mentioned.
Could it continue to go up?
Yes. More influeners joining can bring it up higher.
But there are more reasons on the technical end for it to go down.
SPOT - IMPULSE ON MOONSpotify has made a NUMBER of deals lately, honestly I couldn't really get a wave-count till now. SPY is on it's last legs finishing it's primary impulse wave arounf $250 per share, time-line may be sooner rather then predicted as this thing is going parabolic.
Price target: $250 Range
Local Support: $222.83
Will update with corrective predictions when we get there, see you fellers on the moon.
$SPOT - Bull flag breakout - Potential target $230A nice bull flag breakout with good volume. 20EMA ($181) level can be used as Stop loss.
Spotify Technology multiyear breakout Stock closed at a All Time High and continues to move higher after-hours.
This is a breakout from a 2 year range and has strong fundamentals and technical s
to drive it much higher.
$225 is the first major Fibonacci target to consider.
RSI has room to run, as has the MACD which is reversing bullishly.
💿 Anybody Use CDs Anymore? (SPOT)🤔 Very critical crossroads of two major support levels for streaming platform Spotify.
Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156.
I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema dots indicator. Pat attention to the candle, engulfing vs doji will show you what to play.
If curls and Crossover take place we look to move towards the top of the channel towards first level of 195.47. We test that for a breakout to go to new highs.
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Spotify in a precarious positionThis flag to me says we probably go lower. But it might also resolve to the upside. If you are long Spotify stop loss is 175...
Spotify Enters Post-Rogan EraSpotify's has returned to the initial jump price after Joe Rogan's 5/19 exclusive deal announcement. This price of around $178 correlates to both to the significant volume traded on that day and to the 38% Fibonacci entrancement zone. Moving forward, this will be a significant new support level as investors contend to Spotify becoming a dominant player in podcasting. Go long.
Spotify + 9 Other Stocks I Would Get if I were to do a LongFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I wanted to do a long six month to 1 year stock pick strategy just out of boredom. Now, if I am right about this post some of you might get really excited. My picks include: Spotify: Expect it to grow due to the Joe Rogan deal and video integration | Guess: On the next wave correlation for a long | ACB: Aurora is expected to have both short and long potential, especially given there expansion strategies | PluralSight: An increase of market demand in their market segmentation and how they are expanding digitally | JD.com: For an Alibaba competitor, they are still quite under rated and have strong financials overall | Trip Advisor: Going to continue expanding digitally, especially if they retrace post-Covid, safer bet than many hotels and airlines given they are in the tech space without need for lots of real estate | GBTC: Institutional investors are going to be more interested in it as a trust, though I prefer Bitcoin over some trust | Tesla: Tesla will continue expanding given Elon Musk must work to beat production quotas. It is in my opinion that Mr. Musk will perform in that aspect | CloudFlare: Stable growth overall, quite bullish on its category | PFE: Pfizer is one of those stable stock picks for the pharma category. Now this being said, I have done these stock picks all for specific reasons, and I picked 10 so if someone wanted to do a split diversification it could be easier. Again, this is on an opinion based basis and not meant to be taken as financial advice. Invest at your very own risk.
