PTON is to new for regular technical analysis so, I'm looking at what appears to be a Morning Star pattern. If this clears the $29.20 area it should have room to run to the old highs... Ideas, not trading advice.Trade active
I entered this trade today based on the idea published above. Entry $29.44 Stop $27. Target 1 - $33.50, Target 2 - All time high over $37. Let's see how it plays out.Note
I'm playing this one with Apr 17, 2020 $29 calls.Trade closed: stop reached
I was shook out of this this morning and by afternoon it had recovered over my stop. But, I can re-enter if it looks like it will continue it's up trend. If so, I'll post as a new idea.
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I am under no obligation to post any action or update to any idea.
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I am under no obligation to post any action or update to any idea.
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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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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.