SPOT Price Action | Strong Support, Tight Stop, Open Target!🎧 SPOT | Thief Trader Profit Playbook 💰
“When Music Meets Money — Spotify’s Chart Is About to Drop Beats & Gains!” 🎵📈
🧭 Plan:
Bullish Bias — Thief-style layered accumulation for a smart entry!
We’re eyeing SPOT (Spotify Technology S.A.) for a potential swing/day trade move north.
🎯 Entry (Layering Strategy)
💎 The Thief Strategy uses multiple limit layers to build a strong position.
Here’s the sneak-in setup (choose your own comfort):
🧩 Buy Limit 1 → $670
🧩 Buy Limit 2 → $680
🧩 Buy Limit 3 → $690
(You can expand layers based on your risk appetite — remember, thieves adapt!) 😎
🛑 Stop-Loss (Thief’s Safe Escape)
This is the Thief SL @ $650
⚠️ Note: Dear Ladies & Gentlemen (Thief OG’s), this is not a fixed SL — trade smart, manage your own risk. You make money → you take money. 💼
🎯 Target Zone (Police Barricade 🚓)
Target: Around $740
The chart shows a strong resistance + overbought area + possible trap zone — that’s where the police barricade is! 🚧
Escape with profits before they catch your bags! 💨💰
⚠️ Note: Again, Thief OG’s — this is a flexible TP zone, not financial advice. Secure your profits when the opportunity sings! 🎤📊
🧩 Correlated Pairs to Watch ($)
Keep an eye on these correlated tickers for extra confirmation or sentiment cues:
NASDAQ:NFLX → Streaming sector momentum 🎬
NASDAQ:AAPL → Tech sentiment driver 🍏
NASDAQ:MSFT → Market leader correlation 🖥️
NASDAQ:META → Digital ad revenue influence 💬
NASDAQ:QQQ / AMEX:SPY → Index health check 💪
These tickers often dance together in the same rhythm — when the tech sector grooves, SPOT follows the beat! 🕺
⚙️ Technical Key Points:
Bullish structure holding above $650 zone support 🧱
Momentum strengthening after pullback retest 🎢
RSI mid-zone recovery — not yet overbought, potential room to run! 📈
Volume showing accumulation footprints 👣
✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!
⚠️ Disclaimer:
This is a Thief-style trading strategy, shared for educational & fun purposes only.
Trade responsibly. I’m not your financial advisor — I’m your chart burglar! 😜💼
#SPOT #Spotify #SwingTrade #DayTrade #StockMarket #ThiefTrader #LayeringStrategy #TechnicalAnalysis #BullishSetup #TradingView #EditorPick #ProfitPlaybook #SPY #QQQ #NASDAQ #StocksToWatch
Spotifyinc
Spotify Shares Surge as It Cuts 17% of Its WorkforceKEY TAKEAWAYS
i. Spotify laid off 17% of its workforce in a third round of job cuts as it moves to contain expenses.
ii. The streaming music service already reduced headcount in January and June.
iii. CEO Daniel Ek blamed a changing economic environment that has created slower growth and higher capital costs.
Spotify Technology (SPOT) shares soared over 7% in early trading Yesterday as the streaming music service slashed its workforce in its latest effort to cut costs.
Spotify CEO Daniel Ek wrote in a letter to employees that the cuts would reduce headcount by about 17%, or roughly 1,500 employees. Ek explained that the move was needed because economic growth ”has slowed dramatically and capital has become more expensive.”
He noted that the company had debated whether to make smaller reductions over the next two years, but added that “considering the gap between our financial goal state and our current operational costs, I decided that substantial action to rightsize our costs was the best option to accomplish our objectives.”
Ek pointed out that Spotify took advantage of lower-cost capital in 2020 and 2021 to expand its operations, but now “we find ourselves in a very different environment.” He said despite efforts to reduce expenses this year, “our cost structure for where we need to be is still too big.”
This is the third layoff for the company this year. Spotify eliminated some 600 workers in January, and approximately 200 in June. The news sent shares of Spotify Technology to their highest level in almost two years.
Technical Analysis
SPOT is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
SPOT Spotify Price Target after H&S and Joe Rogan controversyToday you will probably have the chance to buy SPOT at the price of its IPO in 2018.
But the price target, in my opinion, it`s even lower.
Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area.
Looking forward to read your opinion about it.
Spotify Analysis 14.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
Spotify Stock to Lose Half of its 2020 UptrendIs this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective.
The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse. The pattern is labeled 1-2-3-4-5, where the five sub-waves of wave 5 are also visible.
There is also a good alternation between the correction, wave 2 is a time-consuming flat pattern that completed during the coronavirus panic of 2020, and wave 4 is a sharp zigzag move. According to the theory, a three-wave correction follows every impulse.
The corrective phase of the Elliott Wave cycle typically erases the entire progress achieved by the fifth wave. Applying this to SPOT stock makes us expect a decline back to the support of wave 4 near $220 a share . If this count is correct, a ~43% drop from the top at $387 seems to have just begun. The double bearish RSI divergence between waves 3 and 5 also indicates the bulls are running out of steam
What's your view on Spotify Stock? Let me know in the comment section.
Thanks for reading!
Veejahbee.
US Stock In Play: $SPOT (Spotify Technology S.A)The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at the moment.
This week, $SPOT have not been able to capitalize on the broad market rally, with an accumulated correction of -5% from its peak. The current immediate support to watch is at $312 this week.