$SPOT: Deafening 160Looking at Spotify here for a potential head and shoulders-like reversal. I still think the communications sector needs to correct a bit before advancing so I think that could translate to NYSE:SPOT here.
SPOTD trade ideas
Spotify's New AI Bet Could Be a Game Changer for PodcastingSince 2019, the world's largest audio streaming company, Spotify (SPOT 0.73%), has been pouring money into the podcasting space with hopes of diversifying its business away from purely music streaming. These investments have included acquiring podcast studios, paying for exclusive shows, and even buying entire podcast distribution platforms like Megaphone and Anchor in an effort to bolster its advertising revenue.
However, Spotify's podcast initiatives have drawn plenty of criticism from investors because the company's strategy has continuously shifted and the gross margin has remained negative across its advertising division.
But despite these lackluster results, the company continues to believe there is a large opportunity in the podcasting industry. And last week, Spotify introduced a new program that could have big implications in the long run.
Spotify Going Down in Short TermWeekly Chart of Spotify
In the past 150-55 level has acted as a strong resistance level for Spotify (March, July, December 2019 and in April 2022). Spotify has unsuccessfully tried to cross this level in September this year.
Spotify likely to go down to 140, if not more.
SPOT to dip around $135 to re-test supportSPOT has historically traded very technically. It'll break support/resistance, re-test, then continue on it's way for a while.
After our latest straight-line bull run we've effectively re-tested support, and are now hitting a new long-term resistance line. If this trend continues, we'll dip down to around $135 to the next support level.
SPOT TECH pivoting up LONGTrade idea on the the 2H chart. This is a confirmed reversal with a5 POC line
and 50% retracement in confluence for one target and the pivot high for
the second. I will play this with stock and also a put option for insurance.
90% of the money position in the stock and 10% in the put contract 10DTE.
July Trades (SPOT, account up 5.25%)11th day trade in July is NYSE:SPOT on 7/26/2023.
Account is up 5.25%.
Total return in July is 14.58%.
SPOTiFY: $110 | Bench for Blockchain Limits Bid at sub $30 at par with Audius Theta and STEPN apps or projects
note: when an item utiizes a Celebrity to push evangalize a product
you have 100 days to get out on the way up at euporia levels
easier said than done..
RESET for buy back and next Campaign
SPOT-BULLISH SCENARIOSpotify (SPOT) will announce Q2 earnings, with confirmed price hikes hitting subscription plans in various countries, including the US, UK, Spain, France, New Zealand, Hong Kong, and Peru. The ad-free premium plan will rise by $1 to $10.99, Duo plan by $2 to $14.99, family plan by $1 to $16.99, and the student plan by $1 to $5.99 per month.
Existing subscribers will have a one-month grace period before the new prices take effect. Competitors Apple Music, Amazon Music, and YouTube Music have also raised their prices. Analysts expect the price hikes to contribute to a 5% revenue bump for 2024.
Despite concerns about subscriber numbers, analysts anticipate solid Q2 earnings for Spotify, with improved profitability and a 20% increase in monthly active users year-over-year. Wall Street expects Q2 revenue of 3.21 billion euros, a loss per share of -0.66 euros, and a total of 530 million monthly active users.
Analysts have been positive about Spotify's profitability efforts, and the company's beat on gross margin expectations in the first quarter has boosted sentiment. Spotify aims for a gross margin between 30% and 35% in the long term as it scales its podcasting and ads business.
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SPOT for higher targets?NYSE:SPOT seems poised for higher prices. I'm looking for an initial push towards 165 (where it may pause), then continue towards 175- 180. I may start position with at least 1 month until expiration. Have fun!!!
Sample Trades Where IPM is AppliedInverse pyramid method - a way of tranching wherein “test buy” comes first before entering a significant allocation. Then when the price comes in favor of the trader’s bias, adding positions may apply which value is bigger than the “test buy”.
Risk cancellation 1 Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
SPOT short position the RSI indicator is at the overbought conditions which could result in a price drop.
MACD is also showing a decreasing positive momentum and we may get a bearish cross soon.
The move seems to be a little bit overextended therefore the correction may be expected.
entry, stop loss and 2 targets are shown on the chart.
SPOTIFY still bullish for expect
Hi viewers, SPOT bullish in last periods, here technicalls are still bullish to expect
TP1:145
TP2:152
SPOTIFY ($SPOT) at MAJOR resistanceSpotify price just reached 160 usd per share, hitting 4 resistance trend lines, two major, two minor. Expecting some kind of pullback now.
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A look into Spotify TechnologyHello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term.
With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and distribution time has passed and we can see a bearish elliot waves completed with final impulse 5 early this 2023 so we seem to be riding at the beginning of a bullish elliot waves standing at 1 or 1/2 spotify balances this afternoon and can define quite a bit the path to follow, we find value in the medium-long term, let's hope that the days go by.
A cordial greeting to all!
Spotify - Short positionSpotify missed out on their earnings by 1.75%, this is why we are bearish. Furthermore, technical analysis also indicates a bearish sentiment as the chart forms a rising wedge.
Entry price at 140.42
Exit price at 116.56
Stop loss at 145.66
SPOT ShortEarning 4/25/2023 before Market. (Miss)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.
Short Sell 139
Stop 150
Target 117, 100
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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SPOTIFY - Breakdown is ComingA rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.
I think Spotify will move to the Up Side? NYSE:SPOT Spotify is offering customers a better experience on mobile devices.
Spotify Launches New Video Feed to Keep Listeners Listening www.wsj.com
