Spot Not much historical price action below 109. In at 109.75 and 110. Long swing. Really the chart shows it all. Lose 109 GTfO. Hold it and we gone
S1PO34 trade ideas
Spotify (NYSE: $SPOT) Could Double Before End Of 2022! 👌Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.
SPOTIFY (Y22.P1.E1).Has a deep correction finishedHi All,
I saw someone tweet that its time to buy Spotify and something about Joe Rogan.
When people sell off in such a way, its usually to fear.
I think this is a typical selloff after its reached its target and the cycle it to start again, reaccumulation.
The fib and the previous resistance level makes sense to enter and also can be a bear trap as a descending wedge could play out.
I will not mention when to buy but 157 looks like a good level. One might wait to place 2 levels of orders... at 157 and the other, after you see a bounce and a regain of the level as per my price path on the chart.
Also note how RSI on the daily is way down below oversold conditions.
All the best,
S.SAri
SPOTIFY - Monthly Demand ContactedNYSE:SPOT
SPOT has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
SPOT has the potential to rocket with institution demand coming into play. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
Spotify Setup Going into MarchSPOT is in an interesting position and testing a pretty important area of support when compared to it's price action in 2019. The recent selling pressure across the tech sector briefly pushed this stock back into the prior horizontal price channel (accumulation zone of 2019), and is trying to test this support zone between $148-$152 as we go into March.
Bullish Scenario:
SPOT would have to break above the 50 and 100 MA going into March, and hold levels above the midline of it's current descending channel in order to build bullish momentum back up to $200. Considering the volatile price bounce across the major indexes over the last two days, I think it is possible that the 100MA is tested (~$160), but going into March I expect that bullish positions will be hampered by the anticipation of interest rate hikes from the Fed.
Bearish Scenario:
Assuming that SPOT successfully tests the 100 MA over the next two weeks but is unable to hold above those levels, I see a very plausible case where price begins to fall back into 2019's horizontal channel as the markets begin to react to the Fed's expected interest rate decision. I'm considering this to be the more plausible of the two scenarios.
Spotify - JRE Liking market sentiment down here in potential Monthly demand zone.
looking in and around zone will monitor closely, added to watchlist revisit weekly..
we are closer potentially to a buyers position (only if price becomes clear and PA is present ) as to the sell side our important r/r ratio is more worse..
let chart tell us which direction to trade not other way round.
Perma.
IPO price supportNext earnings will be better than anticipated due to the Joe Rogan/medias pessimism.
Based on my observation user numbers should be up significantly from the controversy rather than down.
Company has been making aggressive investments for growth as priority rather than focusing on bottom line for now.
Price/Sales = 2.86
Price is back to around IPO price, a good base for a bottom.
Potential Hidden bull div on the monthly.
TP1 239
TP2 314
TP3 464
SPOT channel breakNice push to break the flag today.
If we continue higher tomorrow, there is room to retest area of sell off (ERs)
SPOT 1D wolfe wave bullishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
News is just about narratives. Head and shoulders reversalNews is just about narratives. I observed this Head and shoulders reversal on $SPOT back in august 2021. My exact words were " RIP #SPOTIFY and 155 is logical target". We just hit it. Cheers! Shoutout to Rogan Too
Here is my chart from august 2021:
Spotify Earnings OutperformedSpotify Earnings outperformed despite Joe Rogan negative media coverage.
Potential buy IF breakout of resistance level ~$190, pessimistic TP level ~$250 for approx 30% upside
Good area to buyJust wait to buy so we fill the gap easy 20% perf
thank me later, most of my analysis are correct
SPOT Spotify Price Target after H&S and Joe Rogan controversyToday you will probably have the chance to buy SPOT at the price of its IPO in 2018.
But the price target, in my opinion, it`s even lower.
Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area.
Looking forward to read your opinion about it.
Spotify pull back buying opportunity?FB is effecting Spotify and other social media stocks in after hours trading plus, on top of that, bad publicity it has received recently all create for a great buying opportunity in the stock. Combine all this with a positive chart reading, you double your chances of an excellent buying window. With the trading day ahead I have drawn out where I think a good entry point may be.
Head and ShouldersEarnings miss or news not received well. I am not sure.
SPOT is below all of it's moving averages, but a lot of tech stocks are as of late.
Short percent is 3.54% which is not super high.
From the looks of the huge red engulfing candle today, some folks knew this was not going to be ideal earnings this afternoon.
No recommendation.
If you’re in a camp and a bear attacks, you don’t have to run faster than the bear, you only have to be faster than the slowest camper.
$130 Bottom for SPOT8 months accumulation at $253, followed by a big break out to the downside in Jan. Look for $130 by Jun/July based on the range during the accumulation.
Spotify exploding back higher. My expectations.Hi everyone,
Let's take a look at current price action of NYSE:SPOT .
The stock is up 12% on the day with the highest volume in a while.
Price is currently at 193 .
The zone of 190-214 is a no man's land. Price has cut through this zone in the past, both on the way up and down. That's due to thin volume profile structure.
We take 196 , we go higher fast, up to next solid supply zone of 215-220 .
Then I expect a consolidation for a while between 220 and 244 .
Ultimately price should gravitate towards the POC of the last 2 years at 266 .
Beware of the earnings call in 2 days! Today might be one of those pre-earnings pumps.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Spotify (NYSE: $SPOT) Flexing By Bouncing Off 0.786 Fib! 💪Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
SPOTAt one point (see week of October 25), I was considering betting a lot of money that the head & shoulders on this stock was going to fail and break to the upside. Three months later and the pattern is confirming a breakdown below the neckline. You MUST be able to adapt and change your opinion in the markets to succeed. Could get some consolidation in the $180s, but ultimately I think this sees new all time lows this year. H&S target of mid to high 80s.
Reversal Play, Double BottomI especially like this chart for next week. It formed a double bottom on the 1hr which is a bullish reversal signal. The 215 support held pretty well which is a good sign.
I expect a push to at least the 226/228 area. Then probably a rejection at that point but that’s long term I am only interested in the reversal opportunity this is presenting.
Invalidated if it falls under 215.
