SPOT trade ideas
$SPOT bullish breakout$SPOT time and time again has shown solid technicals. Starting from late 2018 it has traded within its volatility box up until May this year when it broke through $162 with conviction. It then continued to trade within another volatility box up until June, before positive news catalyst pushed it up to trade at around $275 today. It looks read to break out of its current box.
Here's a bird's eye view of it:
The first European tech stock with $50 billion market capCongrats to Spotify. Here's a fact I just read: they are the first European tech company to hit a market cap of $50 billion. Hopefully this inspires more apps and tech improvements like it out of Europe.
How much higher can it go?
I don't know. But he breakout is really fascinating from a tech perspective and global story. There is a lot of bad news out there, so if you focus and work to find the good news, it is right in front of you.
I have never owned Spotify and happen to be an Apple Music person myself, but once again, that is quite the achievement. In addition, they are going into podcasts, video, and more. Get ready Youtube and Apple podcasts. Competition is picking up.
$SPOT Option Play of Week | BullishSpoify ( NYSE:SPOT ) Technical Analysis & Option Coverage
Spotify brings real-time lyrics to 26 countries, not including the US
The Play:
- Short-term:
Estimated Time: 11 Days Max
SPOT $270 Call @ $235 per contract
or
SPOT $270 Call @ $610 (more time)
- Long-term:
Estimated Time: 3 weeks
SPOT $300 Call 7/24 @ $480 per contract
Let's keep this one short & sweet
DotcomJack
Do not trade this, this is not financial advice.
SPOT SnapbackSPOT has been on an amazing run. But it has now reach overbought levels, it is parabolic on its weekly and monthly charts. Friday it showed weakness, and usually in an overextended stock, the first signs of weakness brings a correction. I think we can see SPOT come down to the $237 level.
Short Opportunity BUT BE CAREFULSuch a tricky short opportunity, price moves so wide but important to focus on the BIG PICTURE...
- Hourly RSI is FINALLY starting to show downward movement
- Is so parabollically detached from the 200MA it is ridiculous , the short opportunity is coming this next week I believe ..
- SPOT likes to Pump/Drill one way for the first hour of trading and then choose its direction after that, be patient and wait for these pivot points
SPOT Short-term period short. First post.
Spot had an amazing break out. However, MACD starting to curl downwards on 15, 30, 45, and 1hr charts.
Watch out for profit taking, I would expect a retest of the 200 price point before blasting off higher. Tried to get above 229
that seems to be the sell zone for now. A series of lower lows and lower highs start to appear on the 1min and 5 min chart.
Mid term support zones on the bears need to push through:
200, 217, 221, 225.
Best of luck,
--d0x
SPOT was a top quarterly gainer, rising +94.61%. Tickeron AI shows that Spotify Technology S.A (SPOT, $241.76) was one of top quarterly gainers, jumping +94.61% to $241.76 per share. Tickeron AI analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 95 of them (90%) charted an Uptrend while 11 of them (10%) trended down. A.I.dvisor found 87 similar cases when SPOT's price went up 15% within three months. In 65 out of those 87 cases, SPOT's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for SPOT are 75%.
Spotify | Sell Or Buy | What to do guide & Targets | 4H |SPOT has reached oversold conditions at 76.65 RSI on new highs.
It has massive gains in the last two days of 21%. I will call for a correction.
If you bearish the follow Targets are 38.2% correction at $217.48. (5.57%)
Second Target $210.09 with 50% retracement with or (-9.48%) correction
Last Target $202.12 with a 61.8% retracement and (-12.48%) Correction
IF you are bull and want to keep riding or looking forward to getting in
The next target is $280 with a retracement forward of 261.8%
Trade safe and do you own DD.
Spotify Technology $SPOT "Breakout"$SPOT broke $198.99 out last week with huge volume. It may do some pull backs test before it goes up
12 months Consensus Price Target: $171.50
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Please don't trade according to the ideas, rely on your own knowledge.