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SPOTIFY TECHNOLOGY S.A.SPOTIFY TECHNOLOGY S.A.SPOTIFY TECHNOLOGY S.A.

SPOTIFY TECHNOLOGY S.A.

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SPOT/N trade ideas

$SPOT New Lazy Elliott Fibonacci PlotIt has been months since I last plotted this and it exceeded expectations. Initial assumption on the left retracement is that the subwave impulse is complete and is doing a long correction. Good base so far. Take note of the following: >It can rally until the 100% of the right retracement if the overall market sentiment is positive. >Otherwise, expect the stock to do another leg down at least near the 38.2% level. >Probably an ongoing major Wave 2. Good luck!
NYSE:SPOT
by thetradingcomedy
Massive Bullrun Into Earnings | Moving In Divergence $SPOTIt's time to unload on longterm shares. No one is paying attention to Spotify SPOT . Media outlets and even us traders have both been rather silent on Spotify and it's movement. ~ This stock currently sits above what has proven to be a temp support @ $230 . We have a monthly support @ $227 Watching the orange downtrend as previous resistance, we just saw a confirmation of this breakout today. Possible long on a break of downtrend with next resistance @ $242. Upside targets: $242, $265, $284. Possible Short Entry: $220 DotcomJack | Thanks for the support! Bless up traders
NYSE:SPOTLong
by DotcomJack
5
SPOT has been on a tear in 2020.. but will it continue?Diving into SPOT, if you've been in this stock this year you've probably been pretty happy with the performance. With a number of big product releases and the effects of JOE ROGAN and MICHELLE OBAMA signing exclusive deals to drive subscribers, the stock pumped so fast from around $180 to nearly $300, that if you blinked you probably missed it. Well, what now? Do you buy at these levels, do you wait? Whats this company really worth? Obviously SPOT has a lot of competition. With AAPL launching their new subscription service packages that basically will force me to have Apple Music, and AMZN launching podcasting on their music service, how many music services does one person need? I still love my SPOT subscription more than any other service option out there. That's what keeps me believing in this stock. I don't want to ever give up my Spotify, and I bet most others don't either. I'm willing to put my money where my mouth is. Remember NFLX just 5 years ago? That might be where SPOT is today. It's worth considering. Now let's look at the chart. I've drawn an Elliot Wave pattern in there, and what a correction might look like. We are definitely in a correction pattern right now. My intuition and my bet is that we are in the 2nd wave of a much larger cycle. What excites me about that is the 3rd wave tends to be the largest move. That would mean if you want to play a longer term trade like me, you want to buy in anywhere in the $182-$227 range. I would recommend your sweet spot to be above $200, even around $210-220 depending on your tolerance for missing a buy opportunity. This stock has a lot of love, and psychological supports are a thing. That's why I find it unlikely we'll see this stock below $200 again unfortunately, and if we do then we need to double check our fundamental analysis and if nothing has changed we will go in with both hands. Now the real exciting part of that trade, should you get in around these levels and lower, is the longer term target is close to $400. Should SPOT continue to diversify their service offering and have that "sticky" product effect where it's just something we all need to have, this isn't farfetched, and is a likely story to happen in the next 1 year. Meanwhile, for the shorter term trades, volatility in this stock can be good, and therefore if we are in a 2nd wave correction, then this is a great time to both be getting a position, but also trading within the correction to make that position as cheap as possible for your 3rd wave run. If this does manifest, and one plays it correctly, by the time you reach my longer term target you should be able to sell a portion of your stack and hold a free and sizable position in this household name. Disclaimer: I am not a professional, nor do I claim to know what I am doing. I chart for my own education and revealing potential trade setups. I am always open to constructive feedback and resources that you can recommend to "up" my game. Thank you!
NYSE:SPOTLong
by Shadowfigure
Spot - Spotting That ReversalSpot recently slid 20% over the last week. Currently, the price is at an opportunistic level for a trade. Stochastic RSI has bottomed. However, the signal line has not risen above 20, which would indicate strong momentum. Currently, the momentum on the daily chart is indicated on the price action of the daily candle by the long wick which hit a low of 220. The RVI has dropped and tells us that most of the volatility (as measured by the indicator) has disappeared. If this price action continues and a reversal takes place, there is a potential upside of 10-20%. If the price action is unable to climb back up, we can set a stop loss at it's previous support at $224.
NYSE:SPOT
by SpektreSignal
1
SPOTIFY - Still King Of Music StreamingMissed out on this one earlier this year as would've loved to have gotten in once it broke that $160 level but had funds tied in other positions. Nonetheless, we're always watching and it looks like we may get another chance at a descent move in $SPOT. Remember, Spotify is like thr Netflix of streaming music. There's plenty of streaming music services but Spotify is still king. $SPOT leads the music streaming industry with over 138 million paying subscribers and 170 million people using its free advertising-supported service feature in over 90 countries. That is a colossal amount of reach. For comparison, Apple Music is estimated to have around 82 million subscribers. The amount of active listeners dropped over the summer due to Covid19 related factors. Gyms closed, people working from home and didn't listen in their cars, less traffic so less listening time, etc. Musicians have even delayed albums since they can't perform at concerts just yet. Stock has still shot up since March like the rest of tech, and we could be seeing a drop soon if it follows the sector. TA: We would love an entry around the $175-$195 region if it gets to there. Looking to see if support would hold around the $225 Fib Retracement line or not. We're also eyeing the 200 day MA in white for possible support as well. Since we love Spotify even as a long term hold, we're not going to try and predict a bottom but looking for support at the levels and dollar cost average our way in. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:SPOTLong
by MannyLo
SPOT - 4.05% Profit Potential - Support Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. - Breakout past a 3-month correction - RSI + Stoch below 50 - MACD below Signal Suggested Entry $237.80 Suggested Stop Loss $240.64 Target price $228.19 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:SPOTShort
by maschera
$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:
NYSE:SPOTLong
by UnknownUnicorn7308096