NASDAQ:PTON has formed an inverse head and shoulder pattern and looks ready to break the neckline. I like the price action in the last few days in conjunction with the MACD which is just about to cross positive.
As a request from my buddy @ke-3a, I’ll analyze PTON today! In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too. But this is not true in the 4h chart. The chart is pointing up, and the momentum...
Hi every one PTON So this the chart of PELOTON Interactive stocks .this company make sports gears! as you can see this instrument has been in a falling wedge for a good amount of time but now this pattern has been broken and the price has done It's pullback to this pattern's upper line.we think that this stock's price has the potential to reach the top of the...
PTON broke through the downside from a H & S pattern during the news about the treadmill recall. More recently it bounced back to retrace and touch the neckline break. Now it seems it is ready to continue lower. The treadmill recall issue looks like it will hurt the company's earnings, giving more weight to this pattern playing out.
Looking to place some longs with right STOPS on PTON.
A great run for Peloton but after breaking an aggressive uptrend late February it looks like it could be forming a huge Head & Shoulders pattern. The price has corrected up to the 38.2 Fibonacci level after this years drop from the highs seen at the end of 2020. Potential short back down the neckline and support around 95.
(This is not financial advice) Hey everyone this is a great swing, long term, or day trade play on Peloton. Overall I am very bullish on the stock and really like the company and have played it many of times before. For this play I am currently charting it for more of a swing or long term play because I am looking at the fundamentals of this company to look at...
The $100 seems to be a good support level for this stock, which, in turn, is anchored at the 252 EMA. If it respects it and reacts, it can go back to at least $120 on a rebound. NASDAQ:PTON
My Buy Zone and Target for Peloton $PTON (Not financial advice)
Riskier trade, but offers good R:R
PTON long idea, waiting for a pullback to weekly demand, will look for a 4h momentum shift to the upside
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...
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...
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...
Massive investment $22 while Americans were bearish selling short the best stocks to invest in going into 2020
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.