Spotify Earnings OutperformedSpotify Earnings outperformed despite Joe Rogan negative media coverage.
Potential buy IF breakout of resistance level ~$190, pessimistic TP level ~$250 for approx 30% upside
SPOT/N trade ideas
Good area to buyJust wait to buy so we fill the gap easy 20% perf
thank me later, most of my analysis are correct
SPOT Spotify Price Target after H&S and Joe Rogan controversyToday 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.
Spotify pull back buying opportunity?FB is effecting Spotify and other social media stocks in after hours trading plus, on top of that, bad publicity it has received recently all create for a great buying opportunity in the stock. Combine all this with a positive chart reading, you double your chances of an excellent buying window. With the trading day ahead I have drawn out where I think a good entry point may be.
Head and ShouldersEarnings miss or news not received well. I am not sure.
SPOT is below all of it's moving averages, but a lot of tech stocks are as of late.
Short percent is 3.54% which is not super high.
From the looks of the huge red engulfing candle today, some folks knew this was not going to be ideal earnings this afternoon.
No recommendation.
If you’re in a camp and a bear attacks, you don’t have to run faster than the bear, you only have to be faster than the slowest camper.
$130 Bottom for SPOT8 months accumulation at $253, followed by a big break out to the downside in Jan. Look for $130 by Jun/July based on the range during the accumulation.
Spotify exploding back higher. My expectations.Hi everyone,
Let's take a look at current price action of NYSE:SPOT .
The stock is up 12% on the day with the highest volume in a while.
Price is currently at 193 .
The zone of 190-214 is a no man's land. Price has cut through this zone in the past, both on the way up and down. That's due to thin volume profile structure.
We take 196 , we go higher fast, up to next solid supply zone of 215-220 .
Then I expect a consolidation for a while between 220 and 244 .
Ultimately price should gravitate towards the POC of the last 2 years at 266 .
Beware of the earnings call in 2 days! Today might be one of those pre-earnings pumps.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Spotify (NYSE: $SPOT) Flexing By Bouncing Off 0.786 Fib! 💪Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
SPOTAt one point (see week of October 25), I was considering betting a lot of money that the head & shoulders on this stock was going to fail and break to the upside. Three months later and the pattern is confirming a breakdown below the neckline. You MUST be able to adapt and change your opinion in the markets to succeed. Could get some consolidation in the $180s, but ultimately I think this sees new all time lows this year. H&S target of mid to high 80s.
Reversal Play, Double BottomI especially like this chart for next week. It formed a double bottom on the 1hr which is a bullish reversal signal. The 215 support held pretty well which is a good sign.
I expect a push to at least the 226/228 area. Then probably a rejection at that point but that’s long term I am only interested in the reversal opportunity this is presenting.
Invalidated if it falls under 215.
Spotify Analysis 14.01.2022Hello 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.
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Thank you for watching and I will see you tomorrow!
CelertCelert should be a app that should be musics that are 1 ad a hour or 2. It would be really cool for people to use it because it’s not like Spotify or any other app. Celert should also be where like all the new songs come out and all that or if people wanna make a beat out of someone’s song they can.
SPOTWe tried to break above .50 fib numerous times and failed. I expect we come back down the Daily channel to retest $215 and hope to hold it. Otherwise, look for .618 fib level as a support but can bounce between both levels depending on price action. I play both sides but will not play this week's price action on this ticker due to the Daily mother bar. The action can get stuck within that candle and bounce up and down or sideways.
possible break on SPOTi listened to 67k min of music on spotify this last year, i absolutely love it
lets see if this is a break of the trend
$SPOT - Breakout Trade Thesis$SPOT gives us the opportunity to play a breakout trade at these levels.
Look to go long if we get a breakout over the 238 level. PTs are 245.50 and 256.60. If all goes well we should capture an easy 8% move.
Look to go short if we get a breakout under the 216 level. This entry is less likely but it could lead to us catching a swift trip down to 211.
SPOT: bullish diverganceAfter a sharp downturn we're now over sold on the RSI past the previous low. The price has found a higher low.
This is just based off technicals and not fundamentals.
Not trading advice.
SPOT: Inverse HS & back to 300How's that look? Yay or nay?
Spotify is too mainstream and would be a great place to go long at this prices.
Not trading advice.
SPOTIFY SHARK HARMONICSpotify looks good for a swing to the upside. Bullish shark above pzc, consolidation above support
SPOT Short term triangle BreakoutSPOT Short term triangle Breakout - Looking for a bounce at the demand zone and a breakout of the upper triangle trend line on the daily. Price action is above all rising moving averages and recently broke above the 50 and 200 SMA. Pulling back on low selling volume to the 8 and 21 EMA. Hammer candle stick occuring at demand zone/lower trend line which also happens to be a previous resistance level from a previous pivot high (old resistance).
Good trade for next weekI expect it to run faster towards $330 next week. Will see if i can find an entry on Monday.
