SPOT trade ideas
Possible bounce point for $SPOTI'm a novice at trading and this is my first publication.
$SPOT is at the trend line, oversold and under the 200 moving average. Seems like a good bounce point for me.
Just had to share this idea since I was wondering I didn't see anyone else posting this.
SPOT Perfect Bat harmonic formation $185 price targetNYSE:SPOT SPOT Perfect Bat harmonic formation $185 price target
Watch SPOT possible Cup & Handle formation BONYSE:SPOT
Take a look at Spotify, forming a Cup & Handle formation and broke it's 50 Mov Avg. We still need a BO with volume to confurm this pattern.
SPOT looks nice for a long but it has a lot of heavy liftingI think it isn't too bad a spot to start of long position here, but don't expect a highway to the heaven as there are a lot of trapped bull from here.
Spotify BOTTOM SaR Entry Setup of Beeskneessteell™
StopManagement by RuChezRu™
Wait and Watch for TriceBarGain™ Setup/Confirmation
If I purchase today:
W/ Leverage 1:5
Long: MarginLevel 250%
2% in Margin
(126.75 last bottom)
StopLoss: MarginLevel 245.30%
(≈quote 124.36)
Loss ≈–1.93% of position ≈–0.03‰
Loss $2.39/Lot + StopLoss
1Lot Spotify w/ ≈$6300 Account and 2% (1Lot) in Mingin
If Longterm Outright:
40% Account in Purchase,
—10% StopLoss (-4% Account)
StopLoss
$SPOT Downgraded yesterday dropped 6 bucks then went greenHuge bounce after downgrade I would watch this That was an aggressive move
SPOT breaks downI was tracking a few different trend and wedge possibilities. Today it looks like SPOT broke down below all of them. Not a lot of history below 130, so mostly new territory for resistance. Possibly 120, 113, 103 looking at recent bounces.
$SPOT FlaggingMeasured move target of $174 - $194
Pattern invalid with a break of yellow dotted line
TIPS:
Look for a break in the RSI indicator before entry, indicator should break resistance first before the price exits the pennant (blue)
Spotify - Very Bullish long term - Short term BearishDaily RSI shows signs of a small pullback. RSI needs to dip below +/- 30 to buy.
Short term price target: $ 120 - or lower.
Long term price target: $ 190
$SPOT Even more BULLISH on SPOT v $AAPL BAttle.The EU has the reputation of disliking big Tech, Google is the prime example. While they Big Tech companies have faced an occasional trip to face congress in the USA, the EU have stung them with sizable fines. This is just another battle that AAPL did not need, after the QCOM case cost them approx $5.5 Billion. If indeed AAPL are found to break anti competitive laws in Europe this could open the floodgates to many such cases. Considering that AAPl are currently taking a 30% cut from Spotify a judgement against AAPL would have huge implications on SPOT's revenue and profit.
Spotify wedging looking for a break upwardsNYSE:SPOT has been forming a massive wedge and it just barely held the bottom today of it today. I am looking for this wedge to break upwards with first target around 150. If it ends up breaking down, look for support around $120
