Spotify SPOT Long-Short Idea Bullish Cup and handle pattern's target confirms bearish Three drivers pattern.
SPOT trade ideas
LONGSpotify accounts for more than 2/3rd of the global music streaming market.
Music streaming has altered the dynamics of the global music industry, also leading to a revival.
While competition has been catching up with Spotify, the company has continued to grow its subscriber base.
The current market cap of the company significantly exceeds the estimated value of the entire streaming market in 2030E.
Excessive valuation, competition and developing threats (blockchain-based music streaming companies) do not support investment in Spotify.
Spotify (SPOT) is the leading music streaming company in the global music market. Music streaming has been credited with the revival of the music industry and SPOT has been a pioneer, leading from the front. However, the company’s 2/3rd share of the streaming market has not been enough. SPOT continues to make losses due to the complexity of the industry structure and competition. In spite of that, the company’s current market cap exceeds the size of the streaming market revenue in 2030! Thus it would be prudent to avoid investments in SPOT.
Spotify Looking StrongWe've seen a beautiful rally with Spotify recently confirming that the bulls want to push higher. RSI is overbought on the hourly time frame so I'm expecting a bit of a correction. From there we will anticipate a breakout to confirm the Cup&Handle Pattern. Volume curve is supportive of this pattern.
Targets from this pattern reach 216, with profit taking along the way. Safest way to approach this trade would to wait for a pullback and buy around the 190 mark, making sure to set a tight stop loss below the key support area. If not you can wait to see if the handle will form and go long on the breakout.
** This is not financial advise and purely educational**
SPOT on post-IPO watch Spotify had a great IPO. I really like the company and potential for growth. I wanted to wait for the price to establish an identifiable trend of some sort before I made entry, and I think I found one. Price seems to be moving in this upward channel. Annotations are on the chart but I think its a safe assumption to assume the 50 day MA or the lower trendline will have some support. The average analyst price target for this stock is around $205, and the earnings call wasn't terrible. I might take a small position here and continue to add if I see strength.
Looking for an entry on SPOTThis is a very bullish trend with a nice consolidation pullback. I'm looking to enter on the long side with an opening bar above $185 within the next few days. Then on to test the previous high and hopefully into higher highs. If this happens I'll establish some trailing stops to protect profits. I'm not recommending a trade here but if I enter in the next few days I'll have a stop loss just below $175. Remember, profits take care of themselves, my job is to manage risk to the downside.
$SPOT bought the breakout to new ATH'sSo yesterday at the market open, my limit buy order on $SPOT (long) triggered on the breakout, buy price at $184.34. RSI in bullish zone & shows higher lows on the bigger price dips. Open target, exit when trend is broken. Stop for now at $178.22.
SPOTon at the upper MLHPrice left a huge HAGOPIAN to the downside and stopped spot on at the U-MLH.
As the earnings approach, I don't want to trade this vehicle, but wait what happens after.
P!
$SPOT broke through former and highest resistanceBuckle your seatbets ladies and gentlemen, The rocket is about to depart
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Spotify Short! BAT PatternGood time to short Spotify again...shows a nice Harmonic BAT. PIN bar formed 171.85, price failing..mostly it will open bearish. Short in the next red candle. Max it it go up to fib 1.618.
Target price all to 160 levels.
SPOT - swing trade. I like this double bottom on SPOT. I'm taking this for a swing trade using options that expire next month. This should at least get to the 160 level.
Break through resistance happened
Break through happened
next target 170 where the crossing will be happening.
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I can $SPOT a good R:R when I see oneSpotify... the newest streaming music service to hit the NYSE via a nontraditional IPO
I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains.
Looks like we have made a clean break of a wedge here; can we test the 1.618 extension?
Limit your risk accordingly, I have this as an ~ 3:1 R:R or potential to gain 3 dollars for every 1 dollar risked.
GL HF
xoxo
snoop
break through negative trendlineBUY BUY BUY --> next target 165 then sell 80% wait for correction 155--> buy all in wait til 300--> sell, enjoy life with spotify songs
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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
