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SPOTIFY TECHNOLOGY S.A. COM EUR0.000625SPOTIFY TECHNOLOGY S.A. COM EUR0.000625SPOTIFY TECHNOLOGY S.A. COM EUR0.000625

SPOTIFY TECHNOLOGY S.A. COM EUR0.000625

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0SPT trade ideas

SPOT breakout failure ?NYSE:SPOT has been trading in this range since December 2018. Yesterday we saw a gap up on a volume spike at the top of the range. Typically that would be a very bullish signal if it closed outside of the range with a solid candle but as you can see on the chart, it closed in weakness at the bottom of the range. Let's take a look at the fibs action : High of yesterday's candle almost hit the 1.618 (165.03) and reversed to close just above the 1.272 (154.54) @ 155.78 A close today below the 1.272 and the close of yesterday might take us for a ride to fill the gap below back to the 142-143 area
NYSE:SPOT
by pierhk
SPOT Long, after breakaway Gap and down trendline break Condition: 1. Two breakaway Gaps (G1, G2) in one week. They show very strong strength. 2. Two down trendline break (TLB1, TLB2) Entry at today Gap up open before 128 Stop: 125 (below Gap G2) Target1: 140; risk/reward=1:4 Target2: 148; risk/reward=1:6 This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
NYSE:SPOTLong
by PlanTradePlanMM
Spotify currently in a channelSpotify has been in a channel for what looks like over a year. There are two lines of support and it has recently bounced off both of them. I expect it to rise slowly up past EMA-50 and hopefully reach the top of the channel. RSI is not too high, and MACD is giving a buy signal. Despite recent COVID-19 concerns, Spotify should be financially ok since they are on online service and, more importantly, people will likely be using it a lot more since everyone is at home. EPS is also coming up in May, and I fell confident that it'll be either met or beat. Most of the analyst recommendations that I found on Marketwatch also agree to either buy or hold SPOT.
NYSE:SPOTLong
by QuantumMaster
Long SPOT - The Beginning of Positive Cash FlowSpotify is beginning to see quarterly positive cash flows. Using the discounted cash flow method, SPOT has a price target of $150. Their executive management has been very aggressive in expanding, especially internationally. Gross margins need to be improved through contract negotiations with record labels. SIRI (Sirius & Pandora) have a gross margin of 46%, while SPOT is at 25%. Their increase in gross margins and Monthly Average Usage will be vital for higher growth.
NYSE:SPOTLong
by kevinhamta
Spotify buy opportunities created with new imbalance createdA very strong weekly demand imbalance has been created on the weekly timeframe around $117 per share for a long term buy opportunity on this stock. Currently we have a pretty strong weekly supply level that has gained control, buying Spotify stock is not possible now. Remember this is a long term analysis, short term and intraday stock trading is a different story but this can help you decide which bias you can trade on your stock trading strategy. When Spotify Technology #SPOT stock is analysed with the glasses of a supply and demand strategy, we can see that strong impulses and created providing new demand to lean on for long term buy opportunities.
NYSE:SPOT
by AlfonsoMoreno