MarketMastered

$PTON LONG VWAP/Average Price Analysis

Long
NASDAQ:PTON   Peloton Interactive, Inc.
#PTON Average price ever paid for this stock was $79.04. Average VWAP price ever paid for this stock was $83.44. The earnings gap down happened at the same time many institutional portfolios rebalanced for years end, you can see this on many other stocks in early November. Mediocre but not bad earnings with increases in subscription services and with most money being reinvested into RD and marketing PTON is here to stay regardless of what others think with a great PEG ratio of -.03 indicating very undervalued. The next major demand zone is at 39$ the next major supply zone is at 80$ right where that average price ever paid is sitting. The likely move is a retracement test into that 39 demand zone and then a parabolic move back into that gigantic gap between $55-$80. Don't you think some orders might have been left in that massive gap? Current accumulation/Distribution volume indicates holdings equal to late September 2020 when the stock was at you guessed it the $80 range. Great play with the potential to double in price over the next 6 months to year. My choice would be JULY 2022 calls.
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