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Peloton Interactive, Inc. Class APeloton Interactive, Inc. Class APeloton Interactive, Inc. Class A

Peloton Interactive, Inc. Class A

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4PTON trade ideas

PTON at inflection point Completely Neutral here. Not financial advice. A few things of interest/worth noting. 1. A previous long/mid term trendline (blue) was broken 2. potential head and shoulders on daily, but so far looks to have failed at the right shoulder "neckline" 3. A fairly neat channel now forming with a higher than average volume test to the upside about to occur Keeping this bi-directional. Thoughts: Scenario a: breakout from the channel and set first upside target as the previous uptrend (blue line) Scenario b: reject the top of channel and set first downside target to bottom of channel, multiple targets below as a complex head and shoulders will be interesting to see how this plays out!
NASDAQ:PTON
by ivanwolfgang
PTONStrong impulse move here for PTON. I'm expecting a correction/retracement to the 50-61.8 level of this Daily candle. If you noticed we are in a position to spring forward here. Break above bullish falling wedge, Confirmed break out, Confirmed retest of previous month 61.8 level. I expect a 108-110 entry for contracts 2 weeks out to look for the close of the gap at 118 on the 4hr candle. A close on the day below 108 makes this trade invalid. Running from 61.8 to the 1.618 level and closing one contract and if possible closing at 30%
NASDAQ:PTONLong
by BLKopalFX
Peloton completed the H&S formation- Negative Outlook: H&S completed - Indicators: bearish - Trend: bearish - Stop-Loss: 110 USD - Target: 80 USD Peloton is not looking good at all. MACD will cross from above to below (on daily it will need a few days) and RSI and MACD have a descending trend. SMA 200 is broken a long time ago and slow stochastic just shows a new downtrend incoming. H&S formation was confirmed thanks to the huge spike in volume. Bounce back is completed in the upcoming days. If the chart can’t get above the 100 USD line into the 110 USD zone, there is no chance for the chart to get back on track. Target is at 80 USD. If we breach that line new target is at around 73 USD. Also, don’t forget that Peloton just reported strong quarterly financials. So, the company is (from a fundamental standpoint) in good health. The treadmill problem is not that big of an issue as thought and further growth shouldn’t be a problem. Nevertheless, the market is not sure about how long this will be possible considering the fact that Peloton is a winner of the pandemic.
NASDAQ:PTONShort
by LGNDRY-Capital
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