Get started

Spot

US Stock In Play: $SPOT (Spotify Technology S.A)The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at the moment. This week, $SPOT have not been able to capitalize on the broad market rally, with an accumulated correction of -5% from its peak. The current immediate support to watch is at $312 this week.
NYSE:SPOTLong
by jfsrevg
Spotify (SPOT): A Technical Approach Using Elliott WavesIn this analysis, I'll be taking a purely technical approach in analyzing Spotify (SPOT), using Elliott wave counts. Analysis - We can see that overall, the stock is in a clear uptrend - It has completed wave 2 on the primary degree, and continues to rally through impulse waves - It formed an Elliott triple combo wave (WXYXZ) for the second primary wave, consolidating within a mild megaphone pattern - While it seems like the momentum has topped out for now, as we wait for the fourth wave on the minuette degree, we could expect a bounce near the ichimoku cloud support - We could anticipate the last impulse wave on the minuette degree ending near the 1.618 fibonacci retracement resistance, near $376 - This would also mark the completion of the first impulse wave on the intermediate degree For educational content regarding Elliott Impulse Wave counts, check out my previous post below: If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight :)
NYSE:SPOTLong
by Michael_Wang_Official
2
Expecting a +30% Move on Spotify in the Short TermGood morning traders! Today we want to analyze Spotify, since in recent days much has been said about this stock and its movement in recent weeks has been remarkable. 🔸What we can observe is that from March to July of this year the price generated an astonishing rise of approximately 170%. 🔸Of course, after a strong move, a consolidation or correction of a similar magnitude is expected. 🔸So it was, the correction lasted approximately four months, and we can draw a flag pattern of this process. 🔸This week there was a clear and indisputable breakout to the upside, with a large bullish candle closing above all-time highs. So, how do we project the target of the movement in this case that the price is at historical highs? 🔸The tool we use is the fibonacci extensions based on the previous momentum. This projection gives us that the first target of the movement is approximately $351 and the second target $417, which would be, from the current level, a rise of 30%.
NYSE:SPOTLong
by ThinkingAntsOk
7
NIFTY spot Beginning of SupplyNSE:NIFTY Last Two Barrs (Week of 17th and 23rd November 2020) Of The Weekly Chart Of Nifty Spot Are May Be The Indications Of Beginning Of The Supply And A Good Correction After A Descent Rally Will Be Near. Why I am saying this will be the beginning of the supply, well look at the range marked which starts from the week of 23rd March 2020 and end at 09th November 2020 and try to observe the price range of each candle those were looking good while they were moving up and closing of those candles were also descent (near the high of the candle) and you can clearly say there is no hurdle for prices to move up. Now all of a sudden, “not actually though, as there is nothing which happens suddenly in stock market its all pre planned”, if we see last two weeks candles and try to compare with them with the trading range mentioned above you will notice there is definitely some weakness appearing for higher prices now. There are few more things which are in favor of this view, one of which is that index now trading at its lifetime high, almost 700 points up from last lifetime high and second one is Trend Line which is now acting like a good resistance. Do note one think, these all things does not mean we are going to see correction right a way in coming weeks (well it may also be depends on smart money’s mood) it may take some time for smart money to unload descent amount of supply and once they done it will show good correction. Prices may churn for a while and we will see mushrooming top forming on top (which may create minor new high) at least on daily chart. Consider last two weeks(Week of 17th and 23rd November 2020) high and low as which are 13145-12730 a range for NIFTY spot where we will see retailers getting trapped in to psychology of HOPE.
NSE:NIFTYShort
by PriceVolumeRider
KMD/BTC 12h (Binance Spot) Descending channel breakoutKomodo broke bullish at last, first of the falling wedge then of the parallel channel. And it just pulled back so I believe it's time to re-enter above 50MA! Current Price= 0.0000323 Buy Entry= 0.0000325 - 0.0000295 Take Profit= 0.0000454 | 0.0000596 | 0.0000705 Stop Loss= 0.0000215 Risk/Reward= 1:1.52 | 1:3.01 | 1:4.16 Expected Profit= +46.45% | +92.26% | +127.42% Possible Loss= -30.65% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 840h
Long
by TradingOn
ADA/USDT 2h (Binance Futures) Descending triangle near breakoutCardano is getting ready for the next big move, I expect it will be upwards as long as 200MA is holding the trend! The chart is showing Spot pair, but we will trade it with low leverage in Futures market. Current Price= 0.10302 Buy Entry= 0.10310 - 0.10106 Take Profit= 0.10756 | 0.11299 | 0.11842 Stop Loss= 0.09664 Risk/Reward= 1:1 | 1:2 | 1:3 Expected Profit= +10.66% | +21.28% | +31.92% Possible Loss= -10.66% Fib. Retracement= 0.618 | 1 | 1.272 Margin Leverage= 2x Estimated Gain-time= 240h
Long
by TradingOn
5
Stocks To Watch This Week Nov 14I went through and created a watchlist for names that have held up well in this choppy environment. Most of these names are at or near all time highs or multi year highs. There are 40 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some financial stocks which may be starting to outperform the broader market. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
SP:SPXLong
by Jtacher51
11
Spotify Ascending Wedge- 22% Long positionOn the 2hr chart there is an ascending wedge where spotify is clearly trading in between. If all goes well, it should bounce off the bottom white line of the wedge, if not it should bounce off around the yellow support line (in theory). If it bounces from the white support line we can expect a 22% gain in a long term position. My idea of a swing trade would be: 1. Would buy before the white support line and sell at the top. 2. Stop- loss just beneath the yellow support line What do you think?
NYSE:SPOT
by Pinooj
2