Short PTONStay at home stock with a massive valuation, WHILE gyms are re-opening up again. COVID-19 may have peaked revenues very quickly in the short-term, but now the scope is shaping up for a bleed in growth for revenues in my opinion. This is mainly a technical set-up due to the wide ranges the stock trades in.
Trade ideas
What is the path ahead for Peloton?Peloton Interactive, has been in a strong “Go” trend, one that perhaps we should have all seen coming at the onset of global lock down. After rallying over 250% since the “Go” flag on April 8th we are seeing a pullback from the most recent high.
The GoNoGo Trend has painted a couple of paler aqua bars indicating slight weakness in the “Go” trend and this price action has caused the GoNoGo Oscillator to fall to the zero line. There is enthusiasm in general in this stock as we have seen heavy volume as price has run up to recent highs. We will look to see if the Oscillator can hold the zero line and find support there. If it bounces off zero we will see that as a resurgence in the current “Go” trend.
The Distribution has started for Peloton stocks“Good performance ... Earnings are higher than expected .... the number of subscribers has doubled…. the company has benefited from the coronavirus ... it will hit 100 soon ... blah blah blah blah blah blah “
In recent days, we have seen an increase in activity on the Peloton Interactive PTON stock market. This activity is primarily due to the profits, which the company read about on September 10th. There is a growing uptrend in the background, and emotionally, ordinary investors from the public are looking to enter into longs.
But from my point of view, it would be a rash decision, because we see signals of weakness on the chart. Black arrows point to supply bars (price accelerated from top to bottom on rising volumes). Professional traders use market buzz to distribute the maximum number of shares they buy far below $ 40 per share. And now they are recording a doubling of profits. And they closing longs around a top that is just beginning to form.
What's next? I do not share the general optimism. While I support fitness and a healthy lifestyle, I also support informed decisions when buying stocks, so I highly expect a slowdown in growth. And the share price may decline until the end of 2020.
PTON giving traders a real workout!Are you tired from your PTON trading workout? Sweating much? :)
I wonder how much of this was retail investors losing money. Institutional investors taking profits to other sectors.
Look to the market first before evaluating any trade. This week is not the time to look for new long positions in any stock.
Will put it on the watch list for the next period of growth, likely weeks to months away.
PTON target: ~~75 next week or two.After blowout earnings pushed a new high, we had a massive bearish engulfing. Looks to be way ahead of itself; would like to see it retreat back towards its 50day which nicely coincides with the previous uptrend line. MACD rolling over and about to cross. Upper bollinger band crossover sell. Does not look as healthy as their customers!
014. PIGGISH PLAY - Short Peloton on the OpenWow, nice earnings report PTON. Not. Bad. At. All.
Here's why it's a perfect storm for a short setup tomorrow, assuming it gaps up above 94:
- Gap up above a huge shooting star daily candle ---> gap will close due to massive overhead resistance
- It's Friday and the market is looking like it wants to dump in a serious way
- 100 dollar/share psychological target is a perfect lure for longs
- A clear path downward to sub-90
- If Amazon can rip down after a 10x ER post, I believe PTON can do the same after posting results that pale in comparison
This play is a short-short; meaning that I plan on opening it and closing it tomorrow, using puts that expire tomorrow with a strike at the opening price.
- Health-Conscious, But Not Stupid, Pig
NASDAQ:PTON
peloton with a mon$ter movesomeone knows something ... price action is there its singing a song
premium saying its going to 130 which is insane.. but i guess people are looking for the next zoom play
&out of all companies reporting earnings this one is probably most likely to have a *similar move*
not saying it will.. but im pointing out it is a possibility
set ups like these are rare
(earnings + w/darvas box breakout at the same time)
the large ellipse on the chart shows how on fridays sep 4th flash crash pton bounced strongly in the low 70's (previous resistance)
and for the smaller ellipse thats just me highlighting the darvas box breakout.
Peleton: Possible Dump to the Mid to Upper 70s on EarningsHello traders,
Peleton is up there with one of the most overvalued stocks in the market right now and should be traded with caution. How overvalued is it? Well, it works out to that each customer based on their valuation is worth over $30,000 dollars which obviously is absolutely absurd and unsustainable.
Currently, Peleton is trading off a Wave 4 and I expect it to dump somewhat after earnings tomorrow. The target it could drop to would be around the 76-80 level. Having said that I see that as temporary as it will likely grind afterwards to the mid to upper 90s before completing a final Wave 5 before a sharp ABC correction downwards.
For those who own the stock I would sell at-least 50% of your holding for profit and ride the final Wave 5 over the next month. I would not buy the stock pre-earnings from here.
-zSplit
Peloton - hourly double top before earnings?I rarely trade earnings. When I look at the weekly I see price is extended from MA's. This could open lower tomorrow and/or end lower as it did between 9/2-9/3, if there is profit taking before earni ngs. Alternatively watch this for a nice Friday day trade, or a swing trade will set up that carries into next week. This could head lower to 70 or go up to 100. There will be a nice swing trade either way
I opened weekly 80 puts today that I will close before earnings. I am watching stock for a post-earning trade.
PTON - pre-earnings rallyLooks like PTON is ready for pre-earnings rally.
Printed greate reversal candle on the daily and on the hourly chart.
Just got some analytic upgrades with average target above 100.
One of a few stocks in my watch list with green pre-market
Watching it closely to play the run up into earnings 10 september






















