BeyondBullishTrades

$PTON is Still Falling

Short
NASDAQ:PTON   Peloton Interactive, Inc.
Hourly chart is currently trading below the 200 SMA. If price falls below the red line, I expect sellers to push it further down into the 130s.
Trade active:
Took a short trade
Comment:
The candle opening below (gap down) the red line = Short was in play. 144 rejection was my entry.

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.