Spotify Technology S.A.
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SPOT: Rebounding Off the 150 SMA -- Upper Channel Next?

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SPOT (Spotify) has been trading within a well-defined ascending parallel channel since late 2022. The recent dip brought price action close to the lower boundary of the channel, right at the 150-day moving average, which acted as support several times in the past.

This confluence between trendline and moving average support suggests potential for a bounce — possibly back toward the upper range of the channel.

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