Why SPOT has VPA bullish signals (My Rational)Here are the reasons that I hold almost 5 digits worth of SPOT calls.
-Bullish Green candles are more powerful than the Red ones (meaning selling isn't bearish sentiment)
-SPOT bounces on Moving Averages on multiple time frames - indicating possible intentional liquidity grabs
-VOLUME BOTTOMS - this is a dead giveaway that they are not letting those low discounts go to waste if smart money and institutions seem to be showing buys through the data, at the same time the charts keep adding volume to bottoms? - Too bullish in my view.
-Box Zone Retests: Draw a rectangle from the end of a move (resistance after a move for example) then drag down to the first bounce (next support for example) You will see good bounces off these zones on many different areas of price action
That is technical side. I am bullish on the fundamental side since they're going to increase revenues through the recent audiobook update. I don't agree with the FTC FUD but it is what it is.
Now remember all this being said, I am happy and comfortable with my amount, and you should be too no matter what the trade. SPOT or any other stock can always go lower for a quick drop and slow accumulation up too, so we're not out of the woods until we gap up in my opinion.
Stay Safe and Have Fun
Not financial Advice..
