SPOT Potential Short PlayNYSE:SPOT
Wait for confirmation 12/3 or 12/4 for a bearish or bullish behavior before making a decision.
Anticipating a slight price rejection at an all-time high of $330
SPOT trade ideas
BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY SPOT ABOUT 327$Spotify launches '2020 Wrapped' with new features including quizzes, badges and, yes, stories
1% CAPITAL
SPOT sporting a nice lookSPOT looks poised to breakout soon. This will be the 4th time testing 300. A break above could lead to a nice upside move.
SPOT is about to run. PT 380The bull flag on the daily and weekly indicates a bit of consolidation. The break is on the way. For my Target of 380, I used the length of the pole. This should be a 1 month out swing. Let's see how it goes!
looks like a possible head and shoulders breakoutSPOT looks to have formed a head and shoulders. Could see a breakout.
Spotify - Daily ChartTechnical analysis of Spotify on daily chart. All explanations are done on the chart.
---
Disclaimer: All content provided here is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of my technical analysis and any information here.
Legal Disclosure: I’m not a financial advisor. The information contained here is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock analysis provided here should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
SPOT over $274.20Large symmetrical triangle forming, continuation of the current price action can break out.
testing resistance for fourth time's the charm?the sun will shine and we will try again, am i right?
Spotify: Bullish pattern forming Multi-month consolidation in Spotify could be interpreted as a symmetrical triangle. I'm looking to buy in the accumulation zone or the breakout above 294.
Spotify Ascending Wedge- 22% Long positionOn the 2hr chart there is an ascending wedge where spotify is clearly trading in between. If all goes well, it should bounce off the bottom white line of the wedge, if not it should bounce off around the yellow support line (in theory). If it bounces from the white support line we can expect a 22% gain in a long term position.
My idea of a swing trade would be:
1. Would buy before the white support line and sell at the top.
2. Stop- loss just beneath the yellow support line
What do you think?
SPOT retesting ATH for the 4th time, go longSPOT attempting to retest ATH for the 4th time, go long here!
