jwjustinwatkins

PTON 9/28 to the Center of the Earth

NASDAQ:PTON   PELOTON INTERACTIVE INC
PTON gonna break.

Comments

Swing low of young fib needs to get at the actual low before the start of the move! basically where your trend lines meet. $77 is a good target, however when assessing targets we have to look at how much consolidation has occurred in the gaps between. There's a lot of chop between .618 & 786, so we might very well bounce back up from those before ever reaching $77. Have a plan when charts are choppy to "scale out". exit at every key level on the way to your price target. In this example you can exit at or before the fib zones all the way down tot he trend line. oh and yes, there's also a trend line in the way before it can slip back down to $77
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