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Spotify Technology S.A.Spotify Technology S.A.Spotify Technology S.A.

Spotify Technology S.A.

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SPOT trade ideas

I can $SPOT a good R:R when I see oneSpotify... the newest streaming music service to hit the NYSE via a nontraditional IPO I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains. Looks like we have made a clean break of a wedge here; can we test the 1.618 extension? Limit your risk accordingly, I have this as an ~ 3:1 R:R or potential to gain 3 dollars for every 1 dollar risked. GL HF xoxo snoop
NYSE:SPOTLong
by 420snoop
6
SPOTIFY IPO; Ready for for a 30% gain after it's opening week ??Not a fan of stocks, but love watching IPO's: NYSE:SPOT just released this week; here's my take on the chart after it's first week of trading... Price action has now put our first bottom in place, where I'd expect 134 to be the HARD floor price before any further declines. However, the range (green shaded zone) from the past 2 days, 'IMO', is the catalyst for a breakout, ideally in the upper direction. There is the option for a breakout below of course, and a bottom retest, but it is my opinion this does not occur. It's first stop? It's 'ATH' on opening day (169), where naturally would anticipate a reaction/stall/retrace, and further continuation up to the next level (175), where I'd again see a stall, ?retrace?, before finally making its way to the 188 price level (green hash-line). Time frame for this is not relevant, but with the current markets volatility increasing, and this still a new issue, might happen sooner than later. It is here where depending on how price action moves at this level, I would determine if it makes it's way towards 200 or we see declines back towards the original breakout zone (green shaded area). Will update as price hits any of these levels, above or below. Excited to watch it play out. Let me know your thoughts or if anyone is buying :) (full disclosure: I do not own this stock at time of analysis, nor do I intend on purchasing at any time; consider for education only) ** These are based off current support resistance, supply and demand, and measured/forecasted moves.
NYSE:SPOTLong
by ProSTrades
Spotify(SPOT) inside day after IPOSPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING! So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout! If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
NYSE:SPOTLong
by Trader_Joe_Lee