$PTON - Bull case $146 & Bear case Target $119

Peloton Interactive, Inc.NASDAQ

Description

⋅ Oct 20, 2020 7:22 AM

Bull Case: Cup & Handle First Target $146
Confirmation: Break above $140

Bear Case: H&S First Target $122-$119
Confirmation: Break below $127

I hold puts for this week.

Good Luck.

Trade closed: target reached

⋅ Oct 22, 2020 5:21 AM

First Target $119 has been hit. More downside to go in coming days.

Comments

Cruzie24

⋅ Oct 22, 2020 12:23 PM

I am still in this trade, how likely do you think it will be for the price to hit 117 level?

Gem-Hunter

⋅ Oct 22, 2020 12:54 PM

@Cruzie24, It has strong support at $119, only it breaks there is a chance of testing $117.5 & $113.5. For a safe trade, sell put* at open.

Cruzie24

⋅ Oct 22, 2020 12:57 PM

@naghuntdworld, Thanks for the reply. I was planning on selling the last put that I am in at market open. Thanks for this post btw, very helpful set-up. Keep it up dood

Gem-Hunter

⋅ Oct 22, 2020 12:59 PM

@Cruzie24, Thanks.

FibonacciGang

⋅ Oct 21, 2020 7:06 AM

i LIKE PENIS