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.
Trade ativo
I entered at $124. Let's see how this goes.Trade ativo
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.
Trade fechado: objetivo atingido
Took profits at $156 for a 25% gain
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.