SPOT looks nice for a long but it has a lot of heavy liftingI think it isn't too bad a spot to start of long position here, but don't expect a highway to the heaven as there are a lot of trapped bull from here.
0SPT trade ideas
Spotify BOTTOM SaR Entry Setup of Beeskneessteell™
StopManagement by RuChezRu™
Wait and Watch for TriceBarGain™ Setup/Confirmation
If I purchase today:
W/ Leverage 1:5
Long: MarginLevel 250%
2% in Margin
(126.75 last bottom)
StopLoss: MarginLevel 245.30%
(≈quote 124.36)
Loss ≈–1.93% of position ≈–0.03‰
Loss $2.39/Lot + StopLoss
1Lot Spotify w/ ≈$6300 Account and 2% (1Lot) in Mingin
If Longterm Outright:
40% Account in Purchase,
—10% StopLoss (-4% Account)
StopLoss
$SPOT Even more BULLISH on SPOT v $AAPL BAttle.The EU has the reputation of disliking big Tech, Google is the prime example. While they Big Tech companies have faced an occasional trip to face congress in the USA, the EU have stung them with sizable fines. This is just another battle that AAPL did not need, after the QCOM case cost them approx $5.5 Billion. If indeed AAPL are found to break anti competitive laws in Europe this could open the floodgates to many such cases. Considering that AAPl are currently taking a 30% cut from Spotify a judgement against AAPL would have huge implications on SPOT's revenue and profit.
$SPOT Amazon and Alphabet is not the competition SPOTIFY wanted Amazon and Alphabet becoming your competition is daunting news for any company in any sector. Despite this, sentiment remains bullish on SPOT and the analysts community have a average price target of $165 with 17/30 having a buy rating. Earnings are Monday 29th April and we expect a positive response and break from current formation into EW3.
***GENERAL INFO***
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.
Spotify - On The Trade RadarOne of the stocks we have been looking to Sell Puts on is Spotify. There are several reasons to like the stock with it being one of the potential growth stocks over the next couple years. Like Netflix, Spotify has the potential to really make waves in the music industry and it is one of the stocks I want to own for the longer term in my aggressive growth portfolio. However I do not like to overpay, and if I am going to buy, I want to get paid to buy.
This is where we use our aggressive options strategy. Not a short term get rich or make 20% a week, or $3500 a day BS strategy, but a longer term strategy that looks at base hits and uses the premiums collected to buy the stock outright.
We are looking at Selling Puts in the 130's with the intent of having the stock assigned. The premiums are nice and juicy on this one, and Spotify is simply the flavor of the week!
