After 28 April 2021 earnings SPOT gapped down from 292 to 269 and then saw a long downtrend to lows of 220. They did start to pick up and closed at 266 range. Looking for a push past 269 before entering my trade, looking for a possible gap fill play. On the downside, we did see a gap up this week from 255 to 265, so if we do end up reversing and falling under 265, we could be looking for a retracement down to 255 to fill in that gap up before running back up.
I am just watching SPOT right now as we head into Fourth of July weeks and trading volume could be increasing or decreasing as people are starting to go on vacations for the holiday weekend. We will have to wait and see what SPOT does come premarket Monday morning and throughout the week.
I am just watching SPOT right now as we head into Fourth of July weeks and trading volume could be increasing or decreasing as people are starting to go on vacations for the holiday weekend. We will have to wait and see what SPOT does come premarket Monday morning and throughout the week.