$SPOT is another name I like for 2019, and the latest Podcast acquisition(s), plural, is giving us a great spot to enter the stock. The latest quarter was not bad, and the growth trajectory is still on point. The stock has pulled back from early momentum to start the year and now sits just above the 50 day moving average, giving us a great spot to manage risk.
The CEO of Twitter, Mr. Jack Dorsey, gave us a bunch of golden nuggets to chew on this week after his latest interview with Joe Rogan. One of them being very bullish on podcasts.
Below is the daily chart of $SPOT. Bulls have control as long as price stay above the 50 day moving average. Let’s see if the stock can get up and run here. #long
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