Music Streaming Leader Forming Bullish Flag at Highs
Spotify (SPOT) shares are bull flagging and closed Tuesday above monthly value high as it nears a breakout above the 130 level. SPOT has held very strong this month during market volatility and never even closed below its 21 day EMA. Now a move above 130 can see a quick surge to 143 which is a upside VPOC target and a bigger picture inverted head and shoulders forming on the weekly chart likely takes it to 150+ eventually.