Cup and Handle breakout, alternate fib levelsSame bullish thesis with different fib levels drawn from different highs and lows, we will see which prove to be more accurate.Longby SpinTrades0
Cup and handle breakout above 280.66After breaking out on Friday but failing to hold and closing just below, it looks set up to continue next week with good market conditions. Longby SpinTrades0
$SPOT Trend ContinuationI am always hesitant to post on things I am in love with -AMZN MSFT NVDA AMD CRWD OKTA, etc; I have really nothing to offer but bullishness! Only when a setup on these is strong enough do I actually post (AMD for example, didn't post AMZN - seems like everyone on TV was already). Generally I am always in a rush to share something that I don't have a bias on as I will provide a more neutral view; likewise, I love to post short positions on stocks I love as it works as an effective hedge & goes against my bias which I see as healthy (AAPL TSLA posts for example). $SPOT is one of my rare long-but-I-dont-like-the-company posts. In other words, I don't like SPOT - I don't use it, and previously I HATED their business model. Previously, that is. The music business is not as profitable as they would like it to be, and so they diversify to podcasts. This I like. The difference here is that with podcasts they are licensing the IP with direct deals to podcasters. This is somewhat akin to $SPOT's strategy in music that really didn't work (IMO). Their strategy was to provide a ML music discovery platform so that individual artists can scale up on their platform (rather than the big labels so they can cut the middle man out). This didn't work however - for whatever reason they can't get away from licensing the big artists from the big labels that want big $$ for those rights. Compare this now to signing Joe Rogan & Michelle Obama to $NFLX style deals; yes, I am saying that $SPOT has changed their business model away from attempting some kind of grassroots move away from music labels to PUMPING capital into podcasts with a $NFLX "license-the-content-to-get-the-users" style. Take out debt for free, spend the cash on acquiring valuable IP, and milk that IP with customer acquisition and ad sales over the life of it. It works. Ok - so none of this is technical and thus really not actionable for me. Perhaps some fun info for those to disagree with me on - I love a good disagreement! The technicals, however, look fantastic here. You have a rounding bottom pullback, daily squeeze momentum turning up & entering a strong squeeze, and strong channel support. I am looking to go long $SPOT and would love to add more if I can get a dip below $260. I managed to enter this over the week and believe this pattern will complete over the month and bring $SPOT back above $300. Here's a view of the 30min - lines are clearer: Longby UnknownUnicorn7308096Updated 6
SPOT - BreakoutSPOT broke out yesterday for a 280 -285 target. Sold today 50% at 264.5 Found a few resistances on left candles to got out 50%. So far looking good.Longby RiderTraderUpdated 112
SPOT MACD Crossover$SPOT is at an incredibility strong resistance point. MACD is just now crossing over. Looking like a strong swing.Longby BrickJames1
SPOT Possible bull flag break outSPOT Possible bull flag break out on weekly, round bottom on daily. Entered around 266 SL 245 Longby LanaAvery1
$SPOT bullish bounce & continuation$SPOT bounces of 50EMA & Ichimoku cloud. Following a continuation pattern. Looking to retake previous high. Longby Vinodinvest0
$SPOT Spotify Possible Weekly Bull Flag$SPOT Spotify Possible Weekly Bull Flag Long-legged doji reversal candle last week. This week currently green. Will be monitoring for a weekly close above ~$262 area for confirmation of bull flag breakout. Medium term target: $340-$360 range possible by late Oct Note: Not investment advice.Longby Triple_Barrel_Capital3
SPOT Breakout potentialTight range consolidation off of the 50SMA. Stochastics cycling Qstick turned positive MACD turning positiveby logicianmagician0
Spotify Holding the 50-day SMASpotify has come into its own as a new-media disruptor in recent months. It broke out to new highs in May after signing Joe Rogan. Other luminaries like Kim Kardashian and Michelle Obama have followed. SPOT muscled up to $299.67 on July 22 but then pulled back. Its last earnings report wasn’t terrific, but the real story on this name is its widening program list and long-term position as a unique growth stock. The current price range could be a place to look for an entry. It barely touched below its 50-day simple moving average (SMA) on Monday and has held there since. The recent low of $241.27 is also near support from the July 14 low of $243.11. (False breakdowns below old lows can be bullish.) If SPOT holds this zone, momentum traders may watch for a continuation from the 50-day SMA.Longby TradeStation8
SHORT: Spotify 2 billion revenue, 120 billion market cap. Max 1% risk PT 1 : 242 PT 2 : 192Shortby FurumannUpdated 444
Spotify Midterm shortSpotify forming a broadening top pattern showing bearish divergence after a massive run up could be a nice shorting opportunity hereShortby RizeSenpaiUpdated 0
SPOT Descending Wedge BreakoutSpotify is breaking out of a descending wedge today. The stock price is also showing good relative strength on a weak day in the market for most growth names. Low risk setup with a stop at the low ~$246 (3.5%). Longby mroberts12043
SPOT August Weakness & Interest at 200 Theres a lot to like about this stock with their push towards podcast aqusitions... But not at these prices. Looks like some distribution up here. Cant hold above Monthly VWAP and breaking below pivot range for August with poor price structure on volume profile into 200. I'm interested in getting some stock and selling some premium if we can get the gap fill at 200. by OPZee2
$SPOT - Run into E/RWeek of 7/27 is full of E/R that will surely swing the market. Even though we had some bearish macro indicators emerge during the week of 7/20, I'm expecting speculators to continue to bet on tech this week. Being said, I have prepared a rough draft of my trade plan for $SPOT this week. Would love some feedback in agreement or disagreement. Longby dumbanker7
SPOTI WOULD WAIT FOR 300 TO BREAK AND HOLD TO GO LONG, OR YOU CAN GO LONG IF SPOT CAN BACKTEST 285. by KevinBurrows2
SPOT 1hr outlook $270 first supportSPOT looks good to short to $270. IF we break $270 then SPOT will fall to $264 to fill that gapShortby Dougie_dee1
SPOTIFY -23%Sell now Buy level $200.72 Profit 23% Stop Loss 4.5% Wish you luck !Shortby CitdlUpdated 8