1SPOT trade ideas
Spotify Enters Post-Rogan EraSpotify's has returned to the initial jump price after Joe Rogan's 5/19 exclusive deal announcement. This price of around $178 correlates to both to the significant volume traded on that day and to the 38% Fibonacci entrancement zone. Moving forward, this will be a significant new support level as investors contend to Spotify becoming a dominant player in podcasting. Go long.
Spotify + 9 Other Stocks I Would Get if I were to do a LongFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I wanted to do a long six month to 1 year stock pick strategy just out of boredom. Now, if I am right about this post some of you might get really excited. My picks include: Spotify: Expect it to grow due to the Joe Rogan deal and video integration | Guess: On the next wave correlation for a long | ACB: Aurora is expected to have both short and long potential, especially given there expansion strategies | PluralSight: An increase of market demand in their market segmentation and how they are expanding digitally | JD.com: For an Alibaba competitor, they are still quite under rated and have strong financials overall | Trip Advisor: Going to continue expanding digitally, especially if they retrace post-Covid, safer bet than many hotels and airlines given they are in the tech space without need for lots of real estate | GBTC: Institutional investors are going to be more interested in it as a trust, though I prefer Bitcoin over some trust | Tesla: Tesla will continue expanding given Elon Musk must work to beat production quotas. It is in my opinion that Mr. Musk will perform in that aspect | CloudFlare: Stable growth overall, quite bullish on its category | PFE: Pfizer is one of those stable stock picks for the pharma category. Now this being said, I have done these stock picks all for specific reasons, and I picked 10 so if someone wanted to do a split diversification it could be easier. Again, this is on an opinion based basis and not meant to be taken as financial advice. Invest at your very own risk.
Joe Rogan already made Spotify $3.22 Billion + the FutureFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, here are a few insights. Since Spotify was already mostly on a bullish run, and the market had a chance to retrace from most of the noise, I am using a $160 to $180 price as a metric not $190. If you look at 20/160 you get 0.125. Now I am going to multiple by 0.78 as hype multiple rather than attributing all that growth to just the deal. 78% is still way too generous, but I think it is decent given how popular Joe Rogan is. 0.125*0.78 is coincidentally right on 0.0975. I multiple that by the current market cap and get 3.22452 billion. I seen this YouTuber do a video saying the Joe Rogan deal made Spotify $5 billion. Personally, I understand the reasoning behind his metric, but he didn't consider Spotify was already bullish and that not everyone trading Spotify are Joe Rogan fans. He also didn't give a decent shortening or reaction time. Joe Rogan contributed to the a major push in the rally continuation. I think it is fair to say around a 78% push pre contributing to sentiment reaction. Also Spotify's ROI for a $100 million dollar deal is 32x in a short time period which is for every $1 you have $32. That means literally 3100%. If Spotify made the same deals every 11 days or so, and profit kept compounding over and over again a year, that would be an annualized ROI percentage of 14,847,931,113,934,977,527,395,976,847,246,204,891,384,177,320,001,536%. That means that a deal like this is extremely rare . Spotify made one of the best partnership deals a content platform could make, and likely they wouldn't be able to find creators that popular in which they can offer that same amount too for a really long time. Untop of all this, Spotify said they want Joe Rogan's clips migrated to their platform. I myself am a creator who posts content on Spotify. If Spotify decided to allow video integration, it can easily even annihilate companies the likes of the size of YouTube. CEO Susan Wojcick's management of YouTube included higher attention to many mainstream media sources over small creators (trying to be cable competitive). YouTube also been having a broken content management and Copyright system for a while in many creator's voiced opinions. The whole way things played out is most likely YouTube ruined its edge factor and didn't differentiate itself. Joe Rogan was probably already planning an exit, and Spotify found an opportunity due to what one can call a competitor's lackluster management style. I think a realistic target in the future if Spotify starts rolling out video updates and doing all this is a long target of $325 within a year or so. It would be interesting to see how that plays out.
SPOT - Is there a recovery going on? As a technology company Spotify is making Bulls and taking profit of the COVID-19 situation. There's a strong market for how higher prices as we look at volume compared to price.
Will there be a recovery the next coming months, will Spotify keep up with this bull? Let's see how this turns out.
$ABT $AMGN long & $NTES $SPOT shortAnother 4 tickers for your watch list.
I am surprised to see how many short trades are showing up on a day to day basis. Very few Long setups. *******Eyes open for Sector Rotation******* If the market breaks out.... I
$SPOT short term puts @hereRSI over 70 and rolling over. SMI just flipped. Joe Roagn deal is huge and this ran hard on news. Looking for pullback at least down to 186 -187 range.
Purchases 2 May 29 P 192.5 @ 4.80 a contract
Bullish Case for SpotifyPotentially entering Phase D of a Wyckoff Accumulation Structure. Starting to see decreased supply on earnings reactions. Supply here needs to be absorbed, if that happens I predict higher prices.
SPOT is heading downSPOT is currently way overbought and last time it reaches this level it dropped $20 so it could possibly drop that or more. If your looking to buy SPOT wait for the pullback to happen then scoop it up at prime price. PLEASE COMMENT WHAT YOU THINK!
SPOT Rubberband SnapbackSPOT is oversold on it's hourly and daily chart on the stochastics as well as its bollingerbands. Its exceeded the high bollinger band on daily. The daily chart has shown declining volume on the run up. It has also run up into its all time high which will have excess supply on top of being overbought. I expect this to be a quick 1-2 day swing back down to the 161 range.
Long SpotifyStrong growth during COVID outbreak.
We are basically looking at a NTFLX in the audio segment, but with a way stronger monopoly.
While NFLX has taken off during COVID, SPOT has moved relatively little.
On the technical side, strong upward trend, about to retest previous resistance level of around 160$, already tested 3 times in the last 1y.
Again SPOT is at 159It's been here several times before. Once again if it exceeds 159 it should be very good for the longs.
$SPOT looks likt it got wings this time to flyRinse and repeat pattern, but this time maybe a bit different
SPOTify breakout?If Spotify NYSE:SPOT crosses 159 should be significant upside. Last earnings was flat instead of a 51 cent loss.
Welcome to the Space Jamlooking for close above 159.00 to confirm bullish sentiment, invalidated if it falls below all time trend line. great company model and viable product in the foreseeable future. Solid subscriber growth from earnings may be the catalyst to have this stock retest highs.
*not investment advice & trade at own risk!
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
SPOT - SpotifyLONG
Entry 1: 134.x (Reward/Risk: 1.1)
Entry 2: 121.x (Reward/Risk: 2.1)
SL: 105.x
TP: 149.x
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.
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.
