Spotify has been in a channel for what looks like over a year. There are two lines of support and it has recently bounced off both of them. I expect it to rise slowly up past EMA-50 and hopefully reach the top of the channel. RSI is not too high, and MACD is giving a buy signal.
Despite recent COVID-19 concerns, Spotify should be financially ok since they are on online service and, more importantly, people will likely be using it a lot more since everyone is at home.
EPS is also coming up in May, and I fell confident that it'll be either met or beat.
Most of the analyst recommendations that I found on Marketwatch also agree to either buy or hold SPOT.
Despite recent COVID-19 concerns, Spotify should be financially ok since they are on online service and, more importantly, people will likely be using it a lot more since everyone is at home.
EPS is also coming up in May, and I fell confident that it'll be either met or beat.
Most of the analyst recommendations that I found on Marketwatch also agree to either buy or hold SPOT.
עסקה פעילה
I entered at $124. Let's see how this goes.עסקה פעילה
Looking good so far. RSI is getting into the overbought region. MACD is still bullish. I expect a retracement after the price hits ~$153.5I'm going to wait for that retracement and try to sell right before it goes back down. I'm setting an alert at $152.
עסקה סגורה: היעד הושג
Took profits at $156 for a 25% gain
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.