The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
We first reported on Spotify (SPOT) on June 6th when it posted a pocket pivot at the 10-dma on strong volume. Back then it was trading closer to 160. The stock is now trading just below the 190 level, closing Friday at 189.51 and right on top of its 20-dema on volume that was -55.5% below-average, qualifying as a voodoo volume signature. This would put the stock in a buyable position using the 20-dema as a selling guide. SPOT tends to be volatile so that if it cannot hold the 20-dema then watch for the 50-dma at 183.69 to come into play.
VoSI VooDoo(TM) Report - September 3, 2018
|3 Sep 2018 17:19 ET
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.