Peloton (PTON) is forming a clean bullish flag pattern on the weekly timeframe. The price broke out from the downward channel, suggesting the continuation of the prior bullish impulse.
Pattern: Bullish flag breakout
Breakout Confirmation: Above $8.00
Current Price: ~$8.58
Target Levels: $13.80 and $14.77
Support Zone: $7.00–$7.50
Invalidation: Below $7.00
If momentum continues, a move toward $14.77 looks achievable in the coming weeks as price resumes its prior uptrend.
📈 Bias: Bullish continuation
⏰ Timeframe: Weekly (1W)
Pattern: Bullish flag breakout
Breakout Confirmation: Above $8.00
Current Price: ~$8.58
Target Levels: $13.80 and $14.77
Support Zone: $7.00–$7.50
Invalidation: Below $7.00
If momentum continues, a move toward $14.77 looks achievable in the coming weeks as price resumes its prior uptrend.
📈 Bias: Bullish continuation
⏰ Timeframe: Weekly (1W)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.