SPOT/N trade ideas
SPOT SnapbackSPOT has been on an amazing run. But it has now reach overbought levels, it is parabolic on its weekly and monthly charts. Friday it showed weakness, and usually in an overextended stock, the first signs of weakness brings a correction. I think we can see SPOT come down to the $237 level.
Short Opportunity BUT BE CAREFULSuch a tricky short opportunity, price moves so wide but important to focus on the BIG PICTURE...
- Hourly RSI is FINALLY starting to show downward movement
- Is so parabollically detached from the 200MA it is ridiculous , the short opportunity is coming this next week I believe ..
- SPOT likes to Pump/Drill one way for the first hour of trading and then choose its direction after that, be patient and wait for these pivot points
SPOT Short-term period short. First post.
Spot had an amazing break out. However, MACD starting to curl downwards on 15, 30, 45, and 1hr charts.
Watch out for profit taking, I would expect a retest of the 200 price point before blasting off higher. Tried to get above 229
that seems to be the sell zone for now. A series of lower lows and lower highs start to appear on the 1min and 5 min chart.
Mid term support zones on the bears need to push through:
200, 217, 221, 225.
Best of luck,
--d0x
SPOT was a top quarterly gainer, rising +94.61%. Tickeron AI shows that Spotify Technology S.A (SPOT, $241.76) was one of top quarterly gainers, jumping +94.61% to $241.76 per share. Tickeron AI analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 95 of them (90%) charted an Uptrend while 11 of them (10%) trended down. A.I.dvisor found 87 similar cases when SPOT's price went up 15% within three months. In 65 out of those 87 cases, SPOT's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for SPOT are 75%.
$SPOT PT $220Is summer cancelled? By the way things look it might be....Spotify has had a big run in the past 2 weeks with new podcast and etc. but with less people going out and upcoming lock downs I think we can see around test of $220-$210. GLTA and stay safe!
SPOT FAILED TO GET HIGHER, OVERBOUGHT = CONSIDERING PUTAt 257.23 ATH got heavily rejected
Shooting star = reversal signal
Considering PUT if under 240
GAP DOWN target at 238- 234 - 229
SPOT IMPULSE FINISHED - SHORTSpotify has finished it's decent juicy long-run; now calling the top here around the $250-$253 range. Will have to wait for price clarification before directly seeing what the corrective wave will be.
Price Target: 222.94
Spotify | Sell Or Buy | What to do guide & Targets | 4H |SPOT has reached oversold conditions at 76.65 RSI on new highs.
It has massive gains in the last two days of 21%. I will call for a correction.
If you bearish the follow Targets are 38.2% correction at $217.48. (5.57%)
Second Target $210.09 with 50% retracement with or (-9.48%) correction
Last Target $202.12 with a 61.8% retracement and (-12.48%) Correction
IF you are bull and want to keep riding or looking forward to getting in
The next target is $280 with a retracement forward of 261.8%
Trade safe and do you own DD.
SPOT SHORTSpotify is way overbought on the RSI, touched the upper Bollinger Bands, and MACD is turning downard.
Short term Short Long term Long ya diggggggWHY:
- RSI is high
- Shooting star price action
- Just went on a crazy run, needs to cool off before moving higher
Spotify Technology $SPOT "Breakout"$SPOT broke $198.99 out last week with huge volume. It may do some pull backs test before it goes up
12 months Consensus Price Target: $171.50
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Please don't trade according to the ideas, rely on your own knowledge.
Spotify Technical AnalysisLong Term - go long, but wait the end of the price retracement - always invest in the trend direction - if it is possible.
Short term, go short as per below suggestions:
Retracement Price Stage:
Using Fibonacci Speed Fan.
Target Price 1 - 220 USD
Target Price 2 - 205 USD
Fundamental News:
Spotify Technology SA (NYSE: SPOT) gained this week after The Wall Street Journal reported the company has signed an exclusive deal with Kim Kardashian West for a new podcast focused on criminal justice.
Robinhood traders will be tasting reality of a bubbleAfter 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.
SPOT - IMPULSE ON MOONSpotify has made a NUMBER of deals lately, honestly I couldn't really get a wave-count till now. SPY is on it's last legs finishing it's primary impulse wave arounf $250 per share, time-line may be sooner rather then predicted as this thing is going parabolic.
Price target: $250 Range
Local Support: $222.83
Will update with corrective predictions when we get there, see you fellers on the moon.
$SPOT - Bull flag breakout - Potential target $230A nice bull flag breakout with good volume. 20EMA ($181) level can be used as Stop loss.
Spotify Technology multiyear breakout Stock closed at a All Time High and continues to move higher after-hours.
This is a breakout from a 2 year range and has strong fundamentals and technical s
to drive it much higher.
$225 is the first major Fibonacci target to consider.
RSI has room to run, as has the MACD which is reversing bullishly.
💿 Anybody Use CDs Anymore? (SPOT)🤔 Very critical crossroads of two major support levels for streaming platform Spotify.
Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156.
I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema dots indicator. Pat attention to the candle, engulfing vs doji will show you what to play.
If curls and Crossover take place we look to move towards the top of the channel towards first level of 195.47. We test that for a breakout to go to new highs.
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
