CryptoFundManager

PTON Peloton potential takeover by Amazon ??

Long
NASDAQ:PTON   Peloton Interactive, Inc
Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.

Peloton's market value is around $8.1 billion, down from its high last year of $50bn.

Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.

My price target is 37usd.

Looking forward to read your opinion about it.
Trade closed: target reached: closet at the price target

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