Spotify is ready to follow Netflix and be the next breakout streaming stock, according to the charts

Todd Gordon breaks down the charts on music streaming stock.

Spotify has been unofficially crowned the winner of the streaming music wars, besting much bigger brother mega-caps Apple Music and Amazon, as well as Sirius XM, and others. The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think

in the Tactical Alpha Growth portfolio as well as the Active Opportunities portfolio. If we see strong third-quarter earnings on November 12, I will look to increase my holdings. I first wrote about on the approach of all-time highs looking at the trend channel you'll see the price is at the middle line of the channel, which I classify as neutral. Not oversold at the lower end of the channel or overbought at the upper end of the channel, but right in the middle ahead of a possible 'upstream' move to new highs. Turning to the daily chart we see a nice bull-flag pattern forming below the key $387 highs.

is testing new add tiers and markets are likely to discount in additional cash flow as

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