SPOT trade ideas
Watch SPOT possible Cup & Handle formation BONYSE:SPOT
Take a look at Spotify, forming a Cup & Handle formation and broke it's 50 Mov Avg. We still need a BO with volume to confurm this pattern.
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.
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 Downgraded yesterday dropped 6 bucks then went greenHuge bounce after downgrade I would watch this That was an aggressive move
SPOT breaks downI was tracking a few different trend and wedge possibilities. Today it looks like SPOT broke down below all of them. Not a lot of history below 130, so mostly new territory for resistance. Possibly 120, 113, 103 looking at recent bounces.
$SPOT FlaggingMeasured move target of $174 - $194
Pattern invalid with a break of yellow dotted line
TIPS:
Look for a break in the RSI indicator before entry, indicator should break resistance first before the price exits the pennant (blue)
Spotify - Very Bullish long term - Short term BearishDaily RSI shows signs of a small pullback. RSI needs to dip below +/- 30 to buy.
Short term price target: $ 120 - or lower.
Long term price target: $ 190
$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.
Spotify wedging looking for a break upwardsNYSE:SPOT has been forming a massive wedge and it just barely held the bottom today of it today. I am looking for this wedge to break upwards with first target around 150. If it ends up breaking down, look for support around $120
$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 Coiling for Next Move UpSpotify (SPOT) looks has found itself in a pennant/wedge and is poised to move within the next few days after touching down on DTL support and bouncing higher. RSI in alignment.
Target: 168
SPOTIFY ... BULLISH ATTITUTE AT SUPPORTBulllish movement at Support. ready to fire in the short term
BIO
$spot may test the dec low Let's see if $spot can hold the current level 131..if not, it may test the dec low.
Bounce?If this is an IHS with a breakout followed by a retest of the neckline than a bounce would be nice.
