Spotify (
SPOT) is breaking out of a multi-month base into new all-time high territory. The structure is clean — a double bottom with three shakeouts and a volatility contraction on the right side, showing tight action before the move.
While recent earnings were underwhelming, the stock is being driven by a shift in narrative: Spotify’s push into audiobooks, AI content tools, and creator monetization is capturing investor imagination. This future-facing story, paired with improving user growth and strategic positioning, is outweighing short-term profitability concerns.
Volume is picking up as it clears resistance, relative strength is climbing, and moving averages are stacked bullishly. The broader risk-on environment is adding fuel to the move.
Trade Parameters:
Entry: 652.63 – 685
Stop: 623.87 – 608.59 (5–7% risk)
Target: 786.24 – 815 (2:1+ reward-risk)
SPOT) is breaking out of a multi-month base into new all-time high territory. The structure is clean — a double bottom with three shakeouts and a volatility contraction on the right side, showing tight action before the move.While recent earnings were underwhelming, the stock is being driven by a shift in narrative: Spotify’s push into audiobooks, AI content tools, and creator monetization is capturing investor imagination. This future-facing story, paired with improving user growth and strategic positioning, is outweighing short-term profitability concerns.
Volume is picking up as it clears resistance, relative strength is climbing, and moving averages are stacked bullishly. The broader risk-on environment is adding fuel to the move.
Trade Parameters:
Entry: 652.63 – 685
Stop: 623.87 – 608.59 (5–7% risk)
Target: 786.24 – 815 (2:1+ reward-risk)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.