$PTON - Parabolic Curve Top $130-$150? But Couple of checkpoints
I recounted the parabolic curve of $PTON where the Base 4 is ended at $103 as shown in the chart.
However a spike from Base 4 is not mandatory in parabolic curve pattern but indicators and pattern are strong enough for the last spike.
But there are couple of checkpoints for the stock to reach $130-$150 :
1) Stimulus Package
2) Trump's health
If these two marked with Green Tick then $PTON stock can hit between $130-$150 in this couple of weeks.
Trade with caution, stop-loss & Risk Management.
Good Luck.
However a spike from Base 4 is not mandatory in parabolic curve pattern but indicators and pattern are strong enough for the last spike.
But there are couple of checkpoints for the stock to reach $130-$150 :
1) Stimulus Package
2) Trump's health
If these two marked with Green Tick then $PTON stock can hit between $130-$150 in this couple of weeks.
Trade with caution, stop-loss & Risk Management.
Good Luck.
Trade closed: stop reached:
Break has failed and could print bearish candle on daily timeframe.
Trade active
Trade closed: target reached:
Congrats to those who caught the pump.
Make sure to take your profits and from here it may not be a safe ride.
Make sure to take your profits and from here it may not be a safe ride.
