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Gem-Hunter
Oct 16, 2020 9:13 PM

$PTON - Bull case Target $146.5 & Bear case Target $125 

Peloton Interactive, Inc.NASDAQ

Description

PTON is in parabolic trading pattern where it may be due to for a one last pump $146-$151

Check the below scenarios:
Bull Case: Double Bottom -> First Target - $146.5

Bear Case: Head & Shoulders -> First Target - $125

I hold $144 call for next week.

Good Luck.

Comment

On Micro level, First Bull case target is ~$139.9

Comment

Sold call at open, re-bought at dip and sold call (made 100%).

Comment

Forming Right shoulder of H&S pattern and need to drop below $127 for the confirmation. If so, first downside target is $119.
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