Great chat to take a look at today "PTON"
-We can see the ascending trendline and the Support resistance zone as the two key elements to understand this chart
The Ascending trendline represents the asset's long-term bullish trend, and we can see how the price is accelerating and taking distance from it.
-The Support Resistance zone was the previous level in...
Good ol PTON looking like it wants to blast off again. I recently got stopped out but now back in based on this price action.
Watch out for a potential handle to form to complete a cup and handle pattern or it might just blast through its December 24th high and head into a new trading range.
This stock has made a number of good runs after periods of...
Uncertainties regarding the future impact of COVID have not faded despite positive vaccine news. More Americans are exercising from home and buying Peloton products. Peloton is still a solid buy, especially as we head towards the holiday season. It's a buy but with consideration of technical factors. There's strong support around the $92-$94 area. This area gives...
Are you also tired of that absurd 1650.79 P/E ratio?
Once life goes back to normal, those are the retracement levels to consider.
Even it`s last line of support.
I`ll let the chart speak for itself.
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave...
Update from yesterday's PTON chart analysis:
Peloton has officially broken its upward climb with a fall under the 125-126 support level.
Although I like this as a long term investment, the short term is looking like a sideways/downward trend.
If you plan to play calls, I would look for end of year expirations.
Peloton can benefit from the winter months if...
I think Peloton has created a great exercise bike. And some novel new ways to watch workout videos on your phone. It recently hit all-time highs and has been spiking higher. Its market cap is now $38 billion.
I am a fan of technology, growth, and change. But I also know that as a society we have been making exercise bikes for 30+ years. This is not the first...
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What is Peloton Interactive (PTON)?
- Peloton is a home fitness company that offers fitness products such as an indoor cycle, and a treadmill, as well as live workout...
Set up for a head and shoulders pattern. Large volatility channel. There is potential to make a higher high and continue the ascending triangle through the minor and major trend. Potential make some good swings.
“Good performance ... Earnings are higher than expected .... the number of subscribers has doubled…. the company has benefited from the coronavirus ... it will hit 100 soon ... blah blah blah blah blah blah “
In recent days, we have seen an increase in activity on the Peloton Interactive PTON stock market. This activity is primarily due to the profits, which...
Sell on 1 hour chart
Buy on 7h chart
Buy on 2 day chart
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After blowout earnings pushed a new high, we had a massive bearish engulfing. Looks to be way ahead of itself; would like to see it retreat back towards its 50day which nicely coincides with the previous uptrend line. MACD rolling over and about to cross. Upper bollinger band crossover sell. Does not look as healthy as their customers!
Added to my OTM PTON $60 7/17 here, based on strong support in this area... can see that with the visible range indicator. Seeing a falling wedge on RSI hourly, those are reversal patterns... again with OTM plays, not betting that PTON gets to $60, but that general movement will be upwards.
Peloton analysis long term trend up, short term correction expected. RSI overbought.
Personally, I am opening a long position as the stock corrects itself.
Not an advisor, my personal opinion. Good luck!
this is pretty dumb.
last times RSI was this high the stock made a 20% correction back to the mean ~$30.
Also made tops in RSI in the daily time frame as well.
Long time support in green, weak supports dashed green lines.
PTON sells overpriced electric cycling bikes during a recession.
The market is as rational as a chicken without a head.