Spotify (SPOT) shares are sporting a strong bull flag forming as the stock showed relative strength last week in a down market, closing higher for the week by nearly 3%. SPOT has consolidated its December gap up nicely and filled the gap perfectly before bouncing and now back into its value area and above the 8 day EMA while looking ready to see a MACD bull cross higher that can target new highs above 200 with a VPOC target at 213 being an optimal higher objective. Last week SPOT saw some odd large call spreads bought 4100x in the January 19^th $200/$207.50 spreads at $1.80 looking for a breakout into Jan OPEX week.