The Long Investor
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$SPOT
🕑 Added 2025-03-12 16:06:24 +0000 UTC$SPOT went parabolic post earnings and I gave one simple instruction, do not chase this, it was the same instruction given to $HOOD
Both companies have pulled back very well, $HOOD has nearly completed its ABC correction.
$SPOT has run so aggressive that it hit its 4.618 Fib, somewhere you NEVER want to enter.
Price has already lost the 50 Day MA now and moving to the 0.38 Fib at $431, where I would expect a Wave B bounce.
As I have said many times before, I want $SPOT to be a future Top 20 stock but only at the right price
When we see a 3 Wave ABC pull back, then we will add this to our Top 20 list
Ideally below the blue line at $368 we would consider this a buy for long term.
Comments
Danny James
Waiting to add this FCF monster
