SPOTLooks like it's being accumulated and preparing to spring up. Could get a nice 15% to 25% bounce.
SPOT trade ideas
SPOT afterhours 26 June 2021 Gap Fill AnalysisAfter 28 April 2021 earnings SPOT gapped down from 292 to 269 and then saw a long downtrend to lows of 220. They did start to pick up and closed at 266 range. Looking for a push past 269 before entering my trade, looking for a possible gap fill play. On the downside, we did see a gap up this week from 255 to 265, so if we do end up reversing and falling under 265, we could be looking for a retracement down to 255 to fill in that gap up before running back up.
I am just watching SPOT right now as we head into Fourth of July weeks and trading volume could be increasing or decreasing as people are starting to go on vacations for the holiday weekend. We will have to wait and see what SPOT does come premarket Monday morning and throughout the week.
Spotify for possible long I've been Watching Spotify for a while now but I've been undecided on it but am about to look for long opportunities however this is now an aggressive trade for me..... Only take if you see what we see come join us if you see it too...... Like and follow page
SPOT on supportPerfect support for mid-term long position. Entry point @ $220-225, TP $250-300-340, SL $210.
Long SpotifySpotify is rebounding from a strong support. I like this set up on a strong chart like the weekly one.
$SPOT Bullish reversal. $257.50 takes us to the next leg up.$SPOT Bullish trend reversal. Breaking above the trend lines and approaching and area of contention. Approaching 50 EMA, 200EMA and horizontal resistance Closing above $257.50 gives us room to take our next leg up. Under analysts price targets and ARK recently increased position.
Spotify $SPOT | Bullish Inverse Head and Shoulders$SPOT formed a bull flag below the inverse head and shoulders neckline.
Watch for continuation to the upside.
Targets: $250, $260, $270
SPOT LONGSPOTIFY (SPOT) is testing a huge resistance level that has touches months back. Has a gap fill potential which is a ways away but not out of reach for a stock like SPOTIFY. QQQs are attempting to break into all time highs and if it breaks out into blue skies SPOT can see huge demand over the next week or so.
SPOT setting up for breakout over 232Daily and Hourly candles tightening up.
Once breakout is confirmed should see higher if market cooperates.
SPOT potential reversalSPOT - Friday was the first green inside day in a while. Hopefully Monday will tell us if it's an inside day to reverse up or down. The June 280 calls are actually not bad for a potential lotto. I might look at those if we reverse here.
SPOT| Potential Inverse Head & Shoulders for an Earnings popHey all,
In purely technical terms, Spotify is preparing for an inverse H&S breakout back to ATHs.
Earnings tomorrow morning could be the catalyst for this breakout.
Fundamentally however, I'm slightly torn on the prospects of a beat and raise, as I doubt the fact that they will have kept up revenue growth to levels that will justify current Market Cap.
Interestingly the 295$ level has been previous resistance, support, and then resistance again over the past year or so.
Any thoughts on which scenario is most likely come tomorrow mornings ER?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Spotify (SPOT) Nice Entry PointSpotify, D1: Support level + Bollinger bands + Hammer + Divergence + Nice sell off
$SPOT Butterfly @srp192 Correct on the butterfly, bars are a little too big for my liking going into it, it can work, needs to bounce tomorrow
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SPOTIFY LONGSPOTIFY is recovering a bullish trend. Around 270 is the mark of the .618 fib retracement.
Just my opinion.
This is not financial advice.
SPOTLong swing idea
Rejection of support with a strong candle, might see a move back to the upside
Also had some good news yesterday
SPOT getting ready for weekly level breakoutSPOT touched 292 levels twice. That is also its current EMA 20 weekly.
A breakout from here will be powerful and ATH is probably next. On watch.
