Peloton analysis long term trend up, short term correction expected. RSI overbought.
Personally, I am opening a long position as the stock corrects itself.
Not an advisor, my personal opinion. Good luck!
All QF Rules Met
1. Scan Entry Line
2. BB's hit
3. Above 70 RSI
4. Divergence (Simple Divergence Indicator)
*Possible 25 Pips
Now following CDX fork for more trades
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
