Spotify (SPOT) has now dropped below its BGU intraday low from yesterday at 136.71 and is now testing the day moving after. A break below the 10-dma and the nearby 20-dema would trigger this as a late-stage failed-base (LSFB) short-sale set-up using the 10-dma or 20-dema as covering guides. One could add a little to any position taken earlier per our previous SPOT SSS Report with the idea of then using the 10-dma/20-dema as a trailing stop, but there are a variety of ways to handle this based on one's personal trade objectives and risk-tolerance.
Short-Sale Set Up - Spotify (SPOT) - Follow-Up 4/26/23
|Published:||26 Apr 2023 13:18 ET|
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