If you haven`t bought SPOT inside the Buy Area:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 220usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $18.90.
If these options prove to be profitable...
Don’t short this yet! Falling wedge into earnings right below monthly fib levels. Earning may push this higher where institutions may be looking to liquidate their warehouses.
Spotify (NYSE: NYSE:SPOT ) has announced plans to raise prices for its premium subscription service in multiple markets, including the United States. The news sent Spotify shares soaring by 6% on Wednesday, following reports from Bloomberg.
According to sources familiar with the matter cited by Bloomberg, Spotify ( NYSE:SPOT ) intends to implement price hikes...
3/19/24
Price: 252.76
Analysis:
Trend Analysis:
Declining momentum, expecting bulls to fight to (+0.4%) - (+0.6%), expecting incline to continue to +2.3% thereafter, may see stagflation after... expecting total deviation of 3.1% TP @262.65 followed by +0.8% inclined TP @262.65 before significant decline.
Structure:
Market Stagnated bears look to be in favor...
Spotify -11% Correction Expected as shown on the Chart.
Not bad after a +100% Run.
Use to set your stop loss as desired.
I'm not going to give a Long or Short position, as if you got in early - will be in comfortable Profit.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies,...
Expect Market to continue Inclined momentum Raise by 5.12%. due to CPI inefficiency to be lowered, added with Euro Area securities barely making the cut but acceptable, market expected to continue incline.
* Volatility Yet to be Bullish closing @ 0.21%. Expect to try to decline but will reject & eventually overturned by Bulls Volatility bullish outbreak @ 0.25% /...
Spotify (NYSE: NYSE:SPOT ) has emerged as a juggernaut, continually breaking barriers and setting new standards. The latest report from the Swedish music streaming giant reveals an impressive surge in user growth, defying expectations and propelling its stock to new heights.
Unveiling Remarkable Performance:
Spotify's (NYSE: NYSE:SPOT ) fourth-quarter results...
As we observe current price action based on the current uptrend leading into a more than average return for tech services, there as been an accumulation from buyers propping up current valuation leading into earnings. Price should continue to make new highs last seen almost 3 years ago during june 2020, and proceed to breach prices over 240 if momentum continues...
Investment experts at UBS have upgraded their rating on Spotify Technology S.A. shares to "Buy". Analysts believe that efficiency initiatives will yield positive results. They are confident of sustained margin expansion and more robust earnings trends for the company in the coming years. The issuer's business is transnational and geographically diversified....
SPOT is flagging on the 65 min chart after a breakaway gap on Tuesday. It's been nicely surfing the 20 EMA since the beginning of the year after that big wedge break. Looks like it wants to retest $215 and make new highs.
KEY POINTS
i. Spotify to cut headcount by 17% amid economic challenges, aiming for a leaner, more efficient structure for future growth.
ii. CEO Daniel Ek emphasizes strategic investment and resourcefulness.
Spotify Technology S.A. CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%. The...
KEY 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...
Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can...
All stocks go thru 4 stages, sometimes each stage can last months or even years, and it's not always easy to recognize like it is on this chart.
Stage 1: Accumulation - buyers coming in stopping the down fall, and the stock starts trading sideways. (Wait)
Stage 2: Markup - Bullish phase, where traders and institutions start buying the up trend. (Buy)
Stage 3:...
Trade Plan for Spotify ( NYSE:SPOT )
Reasons for the Trade:
Positive earnings report.
Strong consumer sentiment.
Formation of a Bullish PEG candle.
Notable sell-off in alignment with the broader market.
The stock's performance offers potential for both long and short opportunities.
Price retracement to the critical level of 159.50 (or rounded 160). A substantial...
