TopgOptions

SPOT Spotify Price Target after H&S and Joe Rogan controversy

Short
NYSE:SPOT   Spotify Technology S.A.
Today you will probably have the chance to buy SPOT at the price of its IPO in 2018.

But the price target, in my opinion, it`s even lower.

Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area.

Looking forward to read your opinion about it.

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