PTON maybe starting a move - calls are cheap, risk is low

Quickly sharing here, PTON went below 23 and saw buyers come in. See ovals marking RSI and stochastic becoming more bullish. Watch RSI to stay over 50. It may pull back to test the this level after crossing over, which would match with a price pullback after a strong move up.
Caution in position size for now because stochastic and RSI on daily are still bearish and directional buying volume is low for now. Essentially, if a move up is to come, I am getting in well ahead of the pack. If not, I can easily hold $48 for one call contract.

Yellow line is at 24.30. Yesterday I bought Jun 40 strike calls for $0.48