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Music, video and podcast company Spotify Technology (SPOT) is topping the charts, so check it out.
The April 12th SPOT review said, “SPOT won’t announce earnings until April 25th. I don’t know if it’s going to be bullish or bearish. If you’re long or you’re thinking long, me. will stop,” he wrote. for $125. “
In the SPOT daily bar chart below, you can see that the price has continued to rise over the last month. The price is trading above the rising 50-day moving average and the rising 200-day moving average. The daily on-balance-volume (OBV) line has been firm since the November lows. The Moving Average Convergence Divergence (MACD) oscillator is bullish.
SPOT’s weekly Japanese candlestick chart below shows a bullish tone. The price is trending upwards and is trading above the rising 40-week moving average.
The weekly OBV line shows an uptick from December, indicating that SPOT buyers are more aggressive than sellers. The MACD oscillator is in a bullish position above the zero line.
In SPOT’s daily Point and Figure chart below, you can see that the target price is $175.
In SPOT’s weekly point and figure chart below, we can see that it has a price target in the $237 area.
Key Strategy: If you want to keep your technical analysis simple, you should go long SPOT. The trend is up and we should trade it. The $175 area is my first target price.
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