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 Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30...
After the price target from the last PTON idea was perfectly touched:
Now i see the stock consolidate in the $30 - $39 are before the important announcement of a takeover maybe.
Looking forward to read your opinion about it.
Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.
Peloton's market value is around $8.1 billion, down from its high last year of $50bn.
Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.
My price target is 37usd.
Looking forward to read your...
The price target of the massive head and shoulders bearish chart pattern was reached yesterday.
Insiders sold around 500Mil worth of shares last year.
PTON went lower than its IPO price, $29 and is now trading in a consolidation area.
the price is not yet safe in that range.
My buy area is $18 to $24.5
Looking forward to read your opinion about it.
Oh Pelaton. What a ride you had :) This stock started last year (2020) at around $27 a share, rising up to $170 just 12 months later. It's time for a correction. And, although I'm not a fundamental expert/trader, I believe there's a case to be made here. First, let's look at the charts.
Technical Basis - Daily Chart
Let's start with the Daily chart. There are...
I have been monitoring PTON for a little while now and recently bought some puts on the stock. There is a massive Head and Shoulders pattern that has been formed over the course of 7+ months, starting in late September 2020. This stock was looking bearish when I opened the puts, as can be seen with the MACD crossover and many other indicators. The H&S chart...
