After two gaps as a result of the partnership with Kim Kardashian, this equity looks to be in bubble territory. Stoch shows overbought.
Possible rush of Robinhood investors hearing their favorite app mentioned.
Could it continue to go up? Yes. More influeners joining can bring it up higher.
But there are more reasons on the technical end for it to go down.
Note
We will be discussing more about what happened next week for Spotify and list out other interesting trades at our Friday weekly zoom hangout open to all free.
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