This is one of the ugliest charts I've come across in a while. It looks to be breaking down from a head and shoulders top w/ the neckline at ~$94. Next stop at $68, with lower supports at $52, $43 and $34. Break one support and we'll see the next level down.
Stay-at-home names have been struggling and this one was losing the support zone before the HBO bad press
Peloton is an American remote training equipment company launched with funding through Kickstarter in 2013. The company is based in New York. The main product is an exercise bike that allows users to remotely participate in spinning classes that are streamed from the company's fitness studio and paid for through a monthly subscription service. Founded in 2012....
Mass user base. Wonderful platform. Charts looking like they found a bottom. Might take a week or so but I'm in.
#PTON Average price ever paid for this stock was $79.04. Average VWAP price ever paid for this stock was $83.44. The earnings gap down happened at the same time many institutional portfolios rebalanced for years end, you can see this on many other stocks in early November. Mediocre but not bad earnings with increases in subscription services and with most money...
$PTON +47 (Over $47 for calls) Price targets: $48, $50 Technical analysis: Bounce off pivot point on the daily chart Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
AMZN been printing higher lows on the weekly. AMZN needs back over 3554. AMZN over 3554 can cause a big breakout. Trade Idea: 11/12 3600C over 3554 or you can see if AMZN can backtest 3500 early on Monday.
This asset and the whole market are probably overvalued but IF you are a Peloton bull and PTON doesn't go under, then this is a good an opportunity as ever after losing over 30% overnight. Could be terminating a third corrective move (wave C) of a bull flag forming since January and its down 70% from ATH. The bottom of the uptrend channel forming since being...
PTON: Winter is coming. It's cold outside. Shall we exercise at home? PTON bounced off a big support at 82. Is the bounce over? I don't know. Is it too late to buy? For a long term investment, not too late. For a trade, maybe not too late, but I like it only above 88.20-88.50 Targets on the chart. Trade safe!
#PTON - Green DOA sniper and meter fired It broke the DOA confluence We should see $96 next
In its most recent quarter, Peloton reported 2.3 million connected fitness subscribers. These members purchased a Peloton exercise machine and paid $39.99 per month to access Peloton's live and recorded exercise classes. Overall, subscription revenue totaled $281 million in the fourth quarter. Compare that to Peloton's total revenue of $936 million in the...
Buy before or after earnings ? I'd expect a takeout of the $78.31 previous low before we go upward.
Long entry shown in chart. stop loss close by. Take profit at 121. Optimal risk:reward ratio here. Follow along and share your thoughts below.
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
PTON meeting some support, but still has the $100 gamma hedge wall to break. I am playing some short term vertical put spreads and will roll if needed. I think we float around and base while we test and try to beat down and possibly eventually squeeze through the $100 level gamma. Tell me your thoughts!
Peloton Interactive coming towards the end of it’s symmetrical triangle on the weekly chart here. It has quite strong resistance above. Watch this stock closely for any sign of a break! Watchlist activated.