SPOT MACD Crossover$SPOT is at an incredibility strong resistance point. MACD is just now crossing over. Looking like a strong swing.
0SPT trade ideas
SPOT Possible bull flag break outSPOT Possible bull flag break out on weekly,
round bottom on daily.
Entered around 266 SL 245
$SPOT bullish bounce & continuation$SPOT bounces of 50EMA & Ichimoku cloud. Following a continuation pattern. Looking to retake previous high.
$SPOT Spotify Possible Weekly Bull Flag$SPOT Spotify Possible Weekly Bull Flag
Long-legged doji reversal candle last week. This week currently green.
Will be monitoring for a weekly close above ~$262 area for confirmation of bull flag breakout.
Medium term target: $340-$360 range possible by late Oct
Note: Not investment advice.
SPOT Breakout potentialTight range consolidation off of the 50SMA.
Stochastics cycling
Qstick turned positive
MACD turning positive
Spotify Holding the 50-day SMASpotify has come into its own as a new-media disruptor in recent months. It broke out to new highs in May after signing Joe Rogan. Other luminaries like Kim Kardashian and Michelle Obama have followed.
SPOT muscled up to $299.67 on July 22 but then pulled back. Its last earnings report wasn’t terrific, but the real story on this name is its widening program list and long-term position as a unique growth stock.
The current price range could be a place to look for an entry. It barely touched below its 50-day simple moving average (SMA) on Monday and has held there since. The recent low of $241.27 is also near support from the July 14 low of $243.11. (False breakdowns below old lows can be bullish.)
If SPOT holds this zone, momentum traders may watch for a continuation from the 50-day SMA.
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.
