Spotify Fib Price TargetUsing the Fib Retracement tool, as learned from the Fibonacci Queen on Youtube, here is my swing trade price target for Spotify.
SPOT trade ideas
SPOT - EW analysis - up trend SPOT - It is in strong up trend with ABC zigzag move initially (or it may be huge impulse up). It is in 5th wave of intermediate cycle and expected to make new high. Buy the small pull back with stop level below 306.75 for target above 350.
Give thumbs up if you really like the trade idea.
Update on Spotify: bullish flag triggered Buyers were able to pinch trough the flag's resistance level and thus trigger the formation.
Two scenarios in this case may follow:
1. Price tests again the figure and continues it's way up;
2. Price aggressively starts to rise and complete the flag fast with big volumes;
Spotify: Time to Buy: USA Happy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
SPOT can still benefit from the ANTISOCIAL society of COVIDSpotify is still bullish and one it breaks out of the current consolidation it could push further up so it was worth keeping an eye on, with a new and more infectious variant of COVID we see many large economies becoming even more ANTI SOCIAL and this should benefit antisocial players in the world of equities.
HAVE IT ON YOUR PORTFOLIOPossible move: 70 %+
Reward/Risk:8 (R/R>3 is Ideal)
Time frame: 52 wks
This is just my technical view, not a fundamental comment..!
I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
SPOT falling wedge breakoutI am looking for a strong break and run again from SPOT potentially to ATH. As long as we do not break down out of the falling wedge, which will double as our stop, we can have our first target set at 322.26 followed by 333.30. The spreads are wide on this so be cautious. After 333.30, if we break that point we can see 342.5 followed by the ATH. This stock is not option very liquid with those options, so once again, be careful!
Long Spotify (Spot). Stop loss on a close around 314 or lowerSpotify has shown weakness this week. However, it is offering a great risk reward entry here around 316. Target top of channel
SPOT Elliot wave counting - trade with your own risk - ver 2SPOT seems is developing wave 3rd. The target for 3rd wave = wave 1 length * 1.618
SPOT Elliot wave counting - trade with your own riskThe 4th wave already happened, the price target for 5th wave = 1.618 from original point to wave 3 or wave 5th = wave 1 height.
US Stock In Play: $SPOT (Spotify Technology S.A)The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at the moment.
This week, $SPOT have not been able to capitalize on the broad market rally, with an accumulated correction of -5% from its peak. The current immediate support to watch is at $312 this week.
Spotify - Possible To $400 ?i thought spotify could be best stock to invest in 2021.
etoro : faizfakhirin
SPOT Short OpportunityHello traders !
As you can see,price is in a long-term upward move. Now we have some sellers in action which has formed a rising wedge pattern. If my prediction is correct,then we could see also a double top formed on H1 timeframe. I expect price to fall to its nearest support level,which is also in a combination with 0.50 fibonacci level. Also RSI shows some divergences on the lower timeframes
Retracement to 310-300, then new upswingSpotify ran +42% since last reversal. It's currently overbought on RSI, and the current price is too far away from EMA20.
I see a -13-15% retracement, then a new upswing. Be patient.
