Target price $136 = short term.
Spotify today surprised investors with a very healthy earnings report.
Bullish 7 & 12 ma crossing.
MACD and Histogram bullish as is the RSi which has moved above 50.
Volume buyside dominance
Company profile
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.
Spotify today surprised investors with a very healthy earnings report.
Bullish 7 & 12 ma crossing.
MACD and Histogram bullish as is the RSi which has moved above 50.
Volume buyside dominance
Company profile
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.
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