This asset and the whole market are probably overvalued but IF you are a Peloton bull and PTON doesn't go under, then this is a good an opportunity as ever after losing over 30% overnight. Could be terminating a third corrective move (wave C) of a bull flag forming since January and its down 70% from ATH. The bottom of the uptrend channel forming since being listed has not been formed but given the direction of important trendlines, this could be the area where the lower boundary is formed.
Many under estimate how massive these guys can be after they restructure. So many acquisitions and opportunities on the table. Just like Lululemon’s…they are here to stay!
erickhgarciap
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no way this is long. overhyped bike. I can get a bike that does the same for 120 bucks at Amazon.
crypt0guy
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@erickhgarciap This was strictly technical analysis, no comment on fundamentals.
robledrew
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@erickhgarciap what's the brand and model of the $120 Peloton killer?
Anon619
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@robledrew, PTON makes quality products, the brand is strong, the business is strong. My only issue is that companies like Zwift could take a lot of market share from them. I also absolutely dread indoor cycling and don't understand it.
Elnanog
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@erickhgarciap, right on man,,,,over priced bike for yuppy as rich folks..