PTON respecting the bottom of the broadening formation with a nice bounce, expecting a strong week.
NASDAQ decides the future of TECH stock movement. Breaching 11968 will Invalidate H&S pattern and confirms UPTREND. Falls below 11800 will obeys H&S pattern and drops rock solid 7% and confirms DOWNTREND!
$PTON bouncing off trend-line support around $100, forming an inverse H&S on the 5/15 minute. Also note 15/30min descending trend-line acting as resistance; I am looking for a breakout of that trend-line for a push to $120. Took a synthetic long STO $PTON $105p 11/20 avg $$4.50 + BTO $PTON $110c avg $2.10 $114c avg $1.30
set you alerts at today's high/low. if it breaks with volume , expect it to continue on the my targets on that side of the break. #PTON $PTON
Bull Case: Break out from Flag. Target $121.7
PTON is still holding its range while SPY is falling since 4 days PTON should be a stronger stock than index
As you can see on the chart ,after breaking the dynamic resistance it will be a great entry point with great ratio of risk to reward.
Price of PTON advancing during last period. Looking forward small retracements during next week. Let's see how it will go. Not best time to buy...
Bull Case: Cup & Handle First Target $146 Confirmation: Break above $140 Bear Case: H&S First Target $122-$119 Confirmation: Break below $127 I hold puts for this week. Good Luck.
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...
$PTON is in parabolic trading pattern where it may be due to for a one last pump $146-$151 Check the below scenarios: Bull Case: Double Bottom -> First Target - $146.5 Bear Case: Head & Shoulders -> First Target - $125 I hold $144 call for next week. Good Luck.
$PTON performed parabolic trading pattern which hit $140 & kudos to who ride this curve. First downside target (Head & shoulder pattern) - $125 Good Luck.
Daily+Weekly TD9, Trendline + a=c linear fib completion. RSI+Volume divergence to boot. Peloton looks ready to roll over. I am short
Blue Channel Resistance - Scouting for the consolidation - may take a couple more days. Put spreads are manageable. Long term, if the market keeps melting up my bet is so will the stay-at home plays. This could be a chance to win bear and then flip to bull.
$PTON performed parabolic trading pattern which hit $119 & kudos to who ride this curve. Now $120 needs to be breached to go any higher otherwise it out of the gas and Sell-off has been triggered. Good Luck.
Parabolic it has gone, it can't go up forever, what comes up must come down. The chart looks like BTC did when it touched 20k, I'm not saying its gonna go down 70%, but a 10-15% pull back is a reasonable expectation. I liked the down move yesterday but it was bought right back up today. It won't last forever, and as the Stoch RSI begins to top out, it could roll...
Massive investment $22 while Americans were bearish selling short the best stocks to invest in going into 2020