4SPOT trade ideas
Spotify Midterm shortSpotify forming a broadening top pattern showing bearish divergence after a massive run up could be a nice shorting opportunity here
SPOT Descending Wedge BreakoutSpotify is breaking out of a descending wedge today. The stock price is also showing good relative strength on a weak day in the market for most growth names. Low risk setup with a stop at the low ~$246 (3.5%).
SPOT August Weakness & Interest at 200
Theres a lot to like about this stock with their push towards podcast aqusitions... But not at these prices.
Looks like some distribution up here. Cant hold above Monthly VWAP and breaking below pivot range for August with poor price structure on volume profile into 200.
I'm interested in getting some stock and selling some premium if we can get the gap fill at 200.
$SPOT - Run into E/RWeek of 7/27 is full of E/R that will surely swing the market. Even though we had some bearish macro indicators emerge during the week of 7/20, I'm expecting speculators to continue to bet on tech this week. Being said, I have prepared a rough draft of my trade plan for $SPOT this week. Would love some feedback in agreement or disagreement.
SPOT 1hr outlook $270 first supportSPOT looks good to short to $270. IF we break $270 then SPOT will fall to $264 to fill that gap
SPOTClean rising wedge and constantly pushing new ATHs, may continue the upward surge. RSI reaching high numbers and close to convergence on MACD and signal lines. Watch closely for upward or downward move.
$SPOT continuation play $SPOT is on fire lately and broke its
Ascending triangle Friday! Alerts over 280 for a continuation move.
$SPOT bullish breakout$SPOT time and time again has shown solid technicals. Starting from late 2018 it has traded within its volatility box up until May this year when it broke through $162 with conviction. It then continued to trade within another volatility box up until June, before positive news catalyst pushed it up to trade at around $275 today. It looks read to break out of its current box.
Here's a bird's eye view of it:
NEW ATH.IF SPOT SUCCESSFULLY TEST ITS SUPPORT AS ITS TRENDLINE, IT IS POSSIBLE TO MAKE ANOTHER RUN TO ATH.
SPOT BULL FLAG BREAKOUTSPOT HAD A STRONG CLOSE ON FRIDAY, CLOSED OVER 271 RESISTANCE. AS LONG AS SPOT HOLDS OVER 271 IT CAN MAKE A MOVE HIGHER TOWARDS 300 THIS WEEK.
TRADE IDEA: 282.5C 7/10, 290C 7/10
The first European tech stock with $50 billion market capCongrats to Spotify. Here's a fact I just read: they are the first European tech company to hit a market cap of $50 billion. Hopefully this inspires more apps and tech improvements like it out of Europe.
How much higher can it go?
I don't know. But he breakout is really fascinating from a tech perspective and global story. There is a lot of bad news out there, so if you focus and work to find the good news, it is right in front of you.
I have never owned Spotify and happen to be an Apple Music person myself, but once again, that is quite the achievement. In addition, they are going into podcasts, video, and more. Get ready Youtube and Apple podcasts. Competition is picking up.
$SPOT Make Or Break ATH | 4th of July WeekendWeekly technical analysis along with another huge options play.
Please refer to the related SPOT idea below to see the entire play.
We Hit Thoseeeee
DotcomJack | Easy Loot
SPOT BULL FLAG BREAKOUTIF SPOT CAN CLOSE ABOVE 270, IT CAN MOVE UP TO 280 NEXT,
TRADE IDEA: 7/10 280C
$SPOT Option Play of Week | BullishSpoify ( NYSE:SPOT ) Technical Analysis & Option Coverage
Spotify brings real-time lyrics to 26 countries, not including the US
The Play:
- Short-term:
Estimated Time: 11 Days Max
SPOT $270 Call @ $235 per contract
or
SPOT $270 Call @ $610 (more time)
- Long-term:
Estimated Time: 3 weeks
SPOT $300 Call 7/24 @ $480 per contract
Let's keep this one short & sweet
DotcomJack
Do not trade this, this is not financial advice.
