Spotify Technology S.A.
Panjang
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Spotify currently in a channel

140
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.
Dagangan aktif
I entered at $124. Let's see how this goes.
Dagangan aktif
Looking good so far. RSI is getting into the overbought region. MACD is still bullish. I expect a retracement after the price hits ~$153.5

I'm going to wait for that retracement and try to sell right before it goes back down. I'm setting an alert at $152.
Dagangan ditutup: sasaran tercapai
Took profits at $156 for a 25% gain

Penafian

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