PTON Riding HighPTON looks ready to break through resistance and move higher after a strong showing today. The 50 EMA has come down to the 200 EMA and is just starting to turn back up.Longby TechnicallyCorrect4
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. Shortby LGNDRY-CapitalUpdated 110
$PTON Trade Idea$PTON Trade Idea Entry: 113 Strike: 6/11 115c Targets: 118, 122, 126 Support: 105, 102, 100 @TradingView @KyleTrades86 Longby KyleTrades862
Pre covid short playWe could possibly a bull trap here. if it breaks above the 200MA I will not take a short position. I am almost positive price will get rejected at the 200ma. Price target for this put position is $70. entry at purple line and stop loss above the 200 ma. Shortby miguelsique2
As requested, we'll study PTON today!As a request from my buddy @ke-3a, I’ll analyze PTON today! In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too. But this is not true in the 4h chart. The chart is pointing up, and the momentum seems good. We have a line connecting the bottoms in red, the 20ma is a support too, and the most interesting part: PTON hit the $ 102.56 and it is going up again. The 102.56 was a resistance a few days ago. The problem is the RSI that did an advanced breakdown. So, if I had PTON, how would I proceed? A correction in the 30min is expected, maybe to the 107 again, but it must not break the 102. If this happens, we’ll see a head and shoulders + advanced breakdown, and I would just get out of it. But the 113.91 is another pivot point, and if PTON breaks it, the 125 is our next stop. I would hold it and look at these points. I hope it helps! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.by UnknownUnicorn21312077667
PELOTON Interactive expected stocks movement!Hi every one PTON So this the chart of PELOTON Interactive stocks .this company make sports gears! as you can see this instrument has been in a falling wedge for a good amount of time but now this pattern has been broken and the price has done It's pullback to this pattern's upper line.we think that this stock's price has the potential to reach the top of the wedge once again. recently there has been positive news for this company so there is a good chance that the price would Increase to the top of the wedge pattern. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luckLongby CobraVanguard202065
peloton interactive In the Fibonacci retracement areas (0.38 / 0.5 / 0.618) we are waiting for the reaction to enter the long trade. Of course, before entering the trade, take a look at the fundamental data of this stock . If the area of 0.786 is touched, we have to wait for the previous highest high to break to enter the trade! NASDAQ:PTON Longby pedram127113
Trend line breakoutBought this as it broke the short time trend line and got price support. What do you think?by ashiq.sth1
PTON Head and ShoulderPTON broke through the downside from a H & S pattern during the news about the treadmill recall. More recently it bounced back to retrace and touch the neckline break. Now it seems it is ready to continue lower. The treadmill recall issue looks like it will hurt the company's earnings, giving more weight to this pattern playing out.Shortby SheepTrades440
PTON retracing off 200 dayPTON coming off the 200 day MA. Since it's an uptrend, I would play the short side, carefully and quickly. I'm looking at the $105 puts for this week if it continues to retrace. Shortby itshabib331
PTON resisted at 200 MAPTON resisted at 200 MA. Will probably move down to 50 & 20 MA or trade side ways to until these MA catch upby dragonboys221
$PTON Harmonic triggers/prz + news =MoneyGuys this is an easy institutional short to long pattern and also my favorite pattern, when second peak falls in extension window, stock is toast, don't not believe me see $TDOC same exact pattern i did for PC's. You trade stock's and alerts we will trade patterns w patience and take easy money from this market, It took me while to be able to see this one & draw wo tools. only one harder is butterfly in my opinion. Learned this in Singapore from the one and only legend himself @tntsunrise (tv) / Jack Zang/Projack (youtube) 🙏 Wo a doubt best trader i have seen in person and no one comes close, and i owe him to all of my success . Longby HiddenharmonicstradingUpdated 181813
PTON broke out the wedge but still weird chartcrazy stuff happened in morning, and I'm not a fan of the chart to be honest the head and shoulders... the wedge it just was mean to fall but some miracle happened this morning, personaly I wouldn't touch the trade until the 116.70 is being crossed and even after that it's very sketchy, it might get rejected by the trend line it passed through and dip back down but in general way better trades can be found this one is a question to me. NASDAQ:PTONby swagmax3335
PTON, BREAK OUT!Hello fellow traders and investors, here's another trade idea. This is an update on my previous idea on Peloton. Peloton has been selling off and has been respecting the downtrending channel and has recently broken out. If PTON makes a recovery to the take profit area it offers a 50% ROI. Technicals: The Macd indicates that it's oversold and in an uptrend Bullish volume is getting exhausted and it looks like we might see a small correction. When To Buy: Now or when there's a corrective wave When To Sell: I recommend selling at its previous high Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 148 which definitely isn't great however there is a good reason for that, a P/S of 8.8 and it's because of their growth in sales of 140% Q/Q, an earnings per share growth of 85% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and a profit margin of 5.80%. Rating: 70/100 since the technicals look decent and so are the fundamentals I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.Longby UnknownUnicorn11084119116
lol 20s ???also head and shoulders confirmed on pton but man thats a rediculous target so probably don't mind this chart its just an idea but I believe in my previous one the targets should be spot on trade safe :) NASDAQ:PTONShortby swagmax333Updated 1
PTON Descending Wedge... Q1=91.97, Q2=80.63, Q3=71.96The title pretty much says it all... long term back to 100s and higher :) NASDAQ:PTONShortby swagmax3331
I see only upside for $PTONI bought some at 90s and more at 80s All the indicators are turning positive. This was way oversold. I believe it was due to market condition then the company itself. The CEO was quick to response and limit the damages. We are not out of the woods yet so demand will keep rising. They seems to have fixed the production bottleneck and are creating new content each month! I am looking to seeing this consolidating further and will keep buying at any dip. Longby aristocksUpdated 1
PTON Short EntryOh 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 quite a few things happening right now in this chart. Let's start with the moving averages. The first red arrow below points to the crossing of the averages. With the 200 period on top and the 20 period on bottom, we are in a perfect situation to enter a short trade. Next, we have the diagonal trend line that'd been respected for a few months now. We're right at that level, with the Stochastics up in overbought territory. Great second sign of a solid short entry. Going on, we see a bit of a support/resistance zone around $100 (my line is at 99.88). Price has respected this a bit, and we're back at that level. On the short side, this is a bit of a break and retest entry, and I am expecting this to fail downward. Finally, my favorite part is that the horizontal support/resistance line is currently crossing the trend line. This is a great place to enter a trade. When two of my lines cross on a chart, its a confluence of lines, and likely to be a point where price bounces. Technical Confirmation - 4H Chart For furher insight, I pulled up the 4H chart. Now, this isn't a perfect entry or setup by any means, but it's decent confirmation. Price has tested the upper Bollinger Band, and Stochastics are in overbought territory. Again, a great place to enter as the current candle is showing a reversal pattern together with the previous two. Fundamental Thoughts As mentioned, I don't look deeply at balance sheets or company politics. Fundamental investing is not my game, and I don't pretend to be good at it. However, there is one thing that comes to mind. The pandemic is getting better in many countries, and people are beginning to go outside. Gyms are re-opening, people can run/bike outside, and although Pelaton built a huge customer base, I don't think purchases and revenue will rise at such rapid rates. Just my two cents there. My Trade So, there are many ways to get into this trade to make money. You may not be able to short the stock, and that's okay. I often don't short stocks myself. Instead, I'm going with a Vertical Put Spread option on this one. I am doing a 18 Jun 21 spread at 97 and 94 strike prices. The premium I paid came out to $90/contract, with maximum gain of $220 (not including commissions). My breakeven point at expiration is just about $76 for PTON. Shortby MRobertsTrading223
Short setup on $PTONBearish wedge forming on NASDAQ:PTON . Classic short setup. Would have preferred to short if the stock would have hit the 50day ma and then stalled.Shortby jaganjohn2