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Oct 15, 2020 5:43 PM

Overextended, due for a pullback Short

Peloton Interactive, Inc.NASDAQ

Description

Overbought, at the top of the Bollinger bands, supported by the EMA cloud but likely to pull back to the 20MA, 50MA below that. Long on this stock but it is due for a pullback.

Trade closed: target reached

This was a bit of an experiment but it is surprising how it hit exactly. Obviously though the 20sma line from the Bollinger band isn't an exact straight line... happened to work here.
Comments
Jmoney8715
It will pull in aggressively, when the market has a pre-election dip
columbiaaveart
Bull flag on 1H Chart? Includes extended hours... ?
dbrommeland20
Sold my position today. I see a pullback happening soon.
vvrr
ambitious. .. PTON is a MEME poster child / watching / thank you!
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