Oh SPOTIFY you are not looking goodLook Daily under 200 EMA
20 will be crossing 50 EMA
Look what happened around late August.
ER whispers around the block not sounding the best.
Am Short. Look at the strong support Nov 18' & May 19' where there is ALSO a gap that can be filled around 120. That's my target.
Thanks for listening.
SPOT trade ideas
Spotify diamond topSpotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out.
Personally I use Spotify myself..
LONG SPOTIFYCompany showing solid Y/Y growth. We are testing long time overhead resistance. Wait for a break and long to $168. 13-15% upside. Coming off a good ER and bouncing off critical support.
Y/Y
Revenue 1.73B 28.03%
Net income 241M 460.47%
Diluted EPS 0.36 56.52%
Net profit margin 13.92% 337.74%
Long SPOT - The Beginning of Positive Cash FlowSpotify is beginning to see quarterly positive cash flows. Using the discounted cash flow method, SPOT has a price target of $150. Their executive management has been very aggressive in expanding, especially internationally. Gross margins need to be improved through contract negotiations with record labels. SIRI (Sirius & Pandora) have a gross margin of 46%, while SPOT is at 25%. Their increase in gross margins and Monthly Average Usage will be vital for higher growth.
Spotify buy opportunities created with new imbalance createdA very strong weekly demand imbalance has been created on the weekly timeframe around $117 per share for a long term buy opportunity on this stock. Currently we have a pretty strong weekly supply level that has gained control, buying Spotify stock is not possible now. Remember this is a long term analysis, short term and intraday stock trading is a different story but this can help you decide which bias you can trade on your stock trading strategy.
When Spotify Technology #SPOT stock is analysed with the glasses of a supply and demand strategy, we can see that strong impulses and created providing new demand to lean on for long term buy opportunities.
$SPOT Earnings surprise for SpotifyTarget price $136 = short term.
Spotify today surprised investors with a very healthy earnings report.
Bullish 7 & 12 ma crossing.
MACD and Histogram bullish as is the RSi which has moved above 50.
Volume buyside dominance
Company profile
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.