SPOT Breaks Out of Multi-Month Base Into New High Ground

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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)

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