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
0.10 USD
1.09 B USD
15.06 B USD
About Spotify Technology S.A.
Sector
Industry
CEO
Daniel Ek
Website
Headquarters
Luxembourg
Founded
2006
ISIN
ARBCOM460366
FIGI
BBG01QSKMY61
Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with online and offline streaming access of music and podcasts on computers, tablets, and mobile devices. The Ad-Supported segment offers users with limited on-demand online access of music and unlimited online access of podcasts on computers, tablets, and mobile and smart devices. The company was founded by Daniel Ek and Martin Lorentzon on December 27, 2006 and is headquartered in Luxembourg.
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Why I like Spotify stockI'm going to explain the reason I believe Spotify is a good investment, there's a few reasons. I'm basically using Spotify as a defensive anchor in my portfolio. First I'm going to explain the fundamentals, and the formula for this never changes. The discounted cash flow model, is a mathematical for
Leading Audio Streaming Innovator Capturing Global Market: BUYBuy Reason: Spotify’s leadership in audio streaming combined with diverse content offerings and expanding user base drives growth potential. Its investments in podcasting and AI-driven personalization offer future revenue streams and competitive edge.
End of 3years of uptrend soon !?- NYSE:SPOT has been in an uptrend for last 3 years. It appears that it's running out of gas.
- NYSE:SPOT has sneakily increasing price of subscription for the last two years continuously which has propped up the numbers.
- I believe it will enter in correction territory very soon as soon as t
Spotify: Another breakout?Daily
An ascending trendline and higher highs formation confirm the uptrend.
Resistance: 765.49
Support: 675.47
MACD moving in bullish area
RSI bullish
Scenarios:
Bullish: if it closes above 727 and confirms with volume, we could see a breakout. However, SPOT failed to break out here. Might rete
Spotify: Potential Continuation PatternsSpotify rallied to a new high early in the summer. Now, after a period of consolidation, some traders may expect further upside.
The first pattern on today’s chart is the series of lower highs between June 27 and September 9. The streaming-media company pushed above the falling trendline on Thursda
This Is Why Spotify Is In The Radar Of Everyone NowThis Is Why Spotify Is In The Radar Of Everyone Now
NYSE:SPOT has been respecting a strong ascending channel, now testing a key resistance (white line) which could be part of a triangle chart pattern.
🔼 Bullish case : A breakout above resistance could trigger strong momentum and drive price to
in short... Short SPOTTechnically we are in a distribution phase.
Price battling around 50MA, once it fails it gonna test 200MA and bounce a little but gonna continue slide further more
Target 1 - 600
Target 2 - 500
Stop Loss - 760
No wonder if it goes further down to 400 or 300, we'll revisit this later.
When to buy the dip of Spotify?
Prices are at strong support, coinciding also with a 50% retracement level
A slight rise in RSI is a bullish sign
The convergence of the 50 and 20 day EMAs could be a source of resistance
Conclusion: let prices break above the 50 and 20 EMAs and wait for a retracement before buying
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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