If NASDAQ:PTON breaks the $7.26 price level, it might come back to retest the $7.23 level, and if bounces off that price, it may go long to hit $7.83. If it fails to break out, then the trade fails, and it may continue falling lower. *This idea is just a possibility IF it does break out. I will try to let you guys know what happens.
Peloton - 30d expiry - We look to Buy at 8.61 (stop at 7.97)
The trend of higher lows is located at 8.60.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our...
Peloton (PTON)- consolidating now and after economic data released tomorrow ( 09 March 2023), i believe the market will shows us the direction.
Red line- stop loss
Black lines- upward targets
Nice inverted cup and handle formed on PTON here with a break below VWAP before close. Think a continuation to the downside will happen here for a good chance to play some PUTS. Anyone else have some opinions on this stock?
Peloton still has tons of debt, failed management. Sure it has its scrubscriptions to it's classes, but is this company really gonna grow? Covid striken times were good for this company, what's gonna happen next to bring value to what they're doing?
Overbought. Should have a pullback eventually.
Peloton Interactive (PTON) rallies Wednesday after the second quarter financial results of fiscal 2023. The revenue came stronger than expectations, but the loss per share disappointed investors. Here are the key points:
Peloton Revenue dropped 30% from the previous year same period, at $792.7 million topping the expectations of $710 million.
The Loss per share...
Peloton - 30d expiry - We look to Sell at 12.98 (stop at 14.41)
The primary trend remains bearish.
This stock has seen poor sales growth.
The trend of lower highs is located at 13.15.
The previous swing high is located at 13.35.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 9.41 and 9.01...
Peloton
Short Term
We look to Buy at 8.60 (stop at 7.82)
Expect trading to remain mixed and volatile. Previous support located at 8.60. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.02 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.60 /...
I really haven't paid any attention to this stock, ever, besides knowing that it was up a lot because "COVID MANDATES ARE ' SAVING LIVES '" and "WORKING FROM HOME IS SO GREAT AND WE NEVER KNEW ALL THESE YEARS ," the propaganda outlets said.
And then dumped remarkably on the back of a lot of bad press like that time someone died on one on Sex and the City, and...
I don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators.
Of course, this was yesterday right as it was sitting below making a new high and has since...
🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
Technical Analysis: No surprises with PTON, missed on ER, and had a huge (-18%) drop!! Expect the pullback into 11.15-11.45 and a continuation throughout the next few weeks; I will be picking up ATM options that are 3 weeks out to continue to trade the negative momentum on...
The inverted H&S pattern I drew up a while ago appears to be playing out. Short squeeze like that BS buyout talk (highlighted). I didn;t adjust anything, just reposting, lol.
No position, maybe wind up shorting this at $20
🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: So many reasons to play it short with $PTON; no one from the company has bought in their own company, at all this year. The last 4 of 5 ER were a loss; regardless of the deal with AMZN, this report (from last quarter) is likely not going to have a great...
Looking at the PTON Peloton Interactive options chain, i would buy the $12.5 strike price Calls with
2022-8-26 expiration date for about
$0.81 premium.
Looking forward to read your opinion about it.
AMC, W, BYND all remind me of that quarter where PTON went up despite crap earnings. Fake buyout rumor was "the news", but basically just too many people trying to short earnings because they know the company is losing money.
Gonna wait until Wed to short garbage stocks, CPI coming out premarket.
If daily can hold above 11.20, likely that this tests 16 level soon. My guess is that it spikes to 12.5/13 to set up for 16. On watch...no position yet.
