It should be noted that ARKK purchased 135,000 PTON today. Looking at the chart, it looks primed for a small breakout upside. With more lockdowns being enacted we could see the 122 area, which is historical support/resistance. I plan on taking calls or buying shares above 117, selling just shy of 122.
Trade active:
Bought 50 shares, targeting 122
Comment:
Ark purchased another 200,000 today. This is definitely filling the gap.
Trade closed: stop reached:
Got up to 120, should've taken profits. Stopped out at 117. Entire market fell through the floor today.
Comment:
This trade somehow came back to life, and so long as 117 holds it is valid.
Comment:
PTON being added to the NASDAQ 100, so this trade setup is still valid.
Trade closed: target reached:
If you reentered at 117 on the 11th, you would be up almost 20% today.