ThaMoneyHunter

Peloton officially VOIDED its bullish pattern.

Long
NASDAQ:PTON   PELOTON INTERACTIVE INC
Update from yesterday's PTON chart analysis:

Peloton has officially broken its upward climb with a fall under the 125-126 support level .

Although I like this as a long term investment, the short term is looking like a sideways/downward trend.

If you plan to play calls, I would look for end of year expirations.

Peloton can benefit from the winter months if COVID cases surge, gyms close but for now I think the ceiling is 136-137.

Comments

Usually I take it as a buy signal when analysts downgrade a bullish stock like PTON. Today I dumped my entire position, made enough for a couple of hundred years of the subscription lolz!
+1 Reply
the madness might be coming to an end, finally
Reply
ThaMoneyHunter wordsforthewise
@wordsforthewise, i believe so! PTON trading way over extended!
Reply
wordsforthewise ThaMoneyHunter
@ThaMoneyHunter, I also mean for the market in general
+1 Reply
offloading puts at 786 FR
Reply
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