SPOT is about to run. PT 380The bull flag on the daily and weekly indicates a bit of consolidation. The break is on the way. For my Target of 380, I used the length of the pole. This should be a 1 month out swing. Let's see how it goes!
0SPT trade ideas
looks like a possible head and shoulders breakoutSPOT looks to have formed a head and shoulders. Could see a breakout.
Spotify - Daily ChartTechnical analysis of Spotify on daily chart. All explanations are done on the chart.
---
Disclaimer: All content provided here is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of my technical analysis and any information here.
Legal Disclosure: I’m not a financial advisor. The information contained here is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock analysis provided here should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
SPOT over $274.20Large symmetrical triangle forming, continuation of the current price action can break out.
testing resistance for fourth time's the charm?the sun will shine and we will try again, am i right?
Spotify: Bullish pattern forming Multi-month consolidation in Spotify could be interpreted as a symmetrical triangle. I'm looking to buy in the accumulation zone or the breakout above 294.
Spotify Ascending Wedge- 22% Long positionOn the 2hr chart there is an ascending wedge where spotify is clearly trading in between. If all goes well, it should bounce off the bottom white line of the wedge, if not it should bounce off around the yellow support line (in theory). If it bounces from the white support line we can expect a 22% gain in a long term position.
My idea of a swing trade would be:
1. Would buy before the white support line and sell at the top.
2. Stop- loss just beneath the yellow support line
What do you think?
SPOT retesting ATH for the 4th time, go longSPOT attempting to retest ATH for the 4th time, go long here!
SPOT Breakout?Keeping my eye on SPOT here for a possible breakout post-earnings.
Why?
Primarily because of the 2020 campaign that Spotify has been on to increase their members by bringing in high-profile podcasters.
2020 Q 3
> In comes Joe Rogan.
10,000,000 YouTube subscribers and has claimed on more than one occasion that his audio-only podcasts generate 4-5x the amount of downloads as his YouTube videos do views.
With average views of 2m+ per YouTube video, an estimated 8m-10m+ podcast downloads per session can be assumed.
4-5 Videos/Podcasts a week, you do the math.
Since the deal with Spotify was announced in May, Joe's average monthly YouTube views alone have increased by over 40%.
Generating over 100,000,000 YouTube views per month and thus an estimated 400,000,000 - 500,000,000 podcast downloads per month.
Spotify picked up Joe Rogan exclusively for an unknown amount, though it's suspected to be in the range of ~100m$
Which have no doubt... IS A STEAL!
A multi-year contract with the MOST searched podcaster on multiple platforms and GROWING, generating nearly half a billion downloads a month, for ONLY 100m$.
- In a statement about the deal with Mr. Rogan, the company (Spotify) said his podcast was already “the most-searched-for podcast on Spotify and is the leading show on practically every other podcasting platform."
We're about to see not just a massive up-tick in Spotifys base subscriber numbers, but also their revenue, as they get to paste 15+ ads into each 2-3hr long podcast of EACH one of Joe's 1,550+ episodes that are now available for all to listen to on Spotify.
Watch for 10/29/2020...
> Beat on subscriber growth
> Beat on total user growth
> Beat on revenue
> Updated forward looking guidance
> Analyst price target upgrades
SPOT Long at $230, Demand ZonesVery simple. Many overlapping, fresh demand zones in here. Easy safe long at $230, for a lot of room up to the gap fill/supply zone at $263
SPOT touches the 8 day and sells off below the trend lineSPOT has a similar selling pattern to FB today where it touched the 8 day as its high and then sharply sold off below its accelerated trend line. Follow through selling could take it to the $225-$228 area where the action will again have to be mapped
