Pton is currently in phase 3 of Wycoff accumilation. Spotting accumilation on lower timeframes, building momentum for long term holds if we can get a proper jump of creek/ retest of 61.8 trading range zone.
I expect another dip in price to test trading range support one more time to build enough demand to push through creek. Now,.
IF we jump creek now due to buyers and sign of strength, Expect it to close bullish on the day above creek, come back down to retest that creek/61.8 level and start scaling buys to ride for the trading range resistance- Look for PS(Preliminary Support)
Overall, I see PTON making a good move to the upside here within the next month.
I expect another dip in price to test trading range support one more time to build enough demand to push through creek. Now,.
IF we jump creek now due to buyers and sign of strength, Expect it to close bullish on the day above creek, come back down to retest that creek/61.8 level and start scaling buys to ride for the trading range resistance- Look for PS(Preliminary Support)
Overall, I see PTON making a good move to the upside here within the next month.
-BLKopalInvestments