If NASDAQ:PTON breaks the $7.26 price level, it might come back to retest the $7.23 level, and if bounces off that price, it may go long to hit $7.83. If it fails to break out, then the trade fails, and it may continue falling lower. *This idea is just a possibility IF it does break out. I will try to let you guys know what happens.
One of the largest luxury exercise equipment makers in the US, Peloton Interactive, Inc. (NASDAQ: PTON), Peloton stock was one of the stocks that gained a lot of traction during COVID-19. Amidst the lockdown, PTON’s sales skyrocketed; gyms were closed, and people wanted to exercise while locked in their homes. After the lockdown restrictions eased, PTON found...
In a sense, Peloton stock is a record holder.
Its stock is down 95% from its historic high.
In such companies, as a rule, a huge amount of short is collected.
With a small positive, the price begins to grow and shortists are forced to buy back securities at high prices, which accelerates the asset even more.
In NASDAQ:PTON shares, you can try the...
Been watching NASDAQ:PTON in this channel for a few weeks. Great place to go long if we can hold the channel with a potential move to the top of the channel. Will be watching this week to see if we can hold these higher lows and make some money.
NASDAQ:PTON had some great profits during COVID and then the recalls hit them hard. Stay disciplined traders!
Peloton - 30d expiry - We look to Buy at 8.61 (stop at 7.97)
The trend of higher lows is located at 8.60.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our...
We found the bottom people. Look at that sideways movement. It's basically at the lowest it will be now. This stock is not going to 0 because let me tell you. The people who like peloton are not getting rid of their bikes. They're a huge up front investment and they are addicting as a form of workout. People aren't going to stop working out no matter what the...
1. 21 March Sell Put for $9.50 for 31 Mar for $0.69 cent and collect money - Credit Trade
2. if we get assigned - Our Breakeven Point downside is $6.68 - Enjoy top $$$$$$$$
3: Sell covered Call for 19 May for $10 for $ 1.17 and collect money - Credit Trade
4. Same time time buy another transaction as below
5. Buy call option (Bull debit Spread) for 15 Sep for...
Peloton (PTON)- consolidating now and after economic data released tomorrow ( 09 March 2023), i believe the market will shows us the direction.
Red line- stop loss
Black lines- upward targets
2 Hour chart: earlier, today, key level of 15.15-15.30 identified, refined it to 15.07-15.23. Loss of this support and no real obstacles to next potential pivot area of 13.50-14.10. Seeing a lot of Resistance/Support flips. If basing occurs at above 15, could serve as double bottom for a bounce back to the Drop Based Drop Supply zone from April/May. If support...
This company's product is way overpriced. Competitors are much cheaper (with superior exercise equipment) and comparable subscription service. Please don't hold this bag. Disclaimer: shorted at 16.45 -> exited at 15.30; likely to reenter if it breaks 16.45 again. Will short stepwise with a target of 25$
A week ago I swung some PTON calls and, expecting a bad ER (it really wasn't that great) I predicted a fall to below 12. Obviously that was not the case. Revisiting the chart, I believe we have a case for a bearish scenario based on the following: Rejection in drop based drop supply zone, gap that's yet to be filled and the reality that earnings were missed by...
Nice inverted cup and handle formed on PTON here with a break below VWAP before close. Think a continuation to the downside will happen here for a good chance to play some PUTS. Anyone else have some opinions on this stock?
Peloton still has tons of debt, failed management. Sure it has its scrubscriptions to it's classes, but is this company really gonna grow? Covid striken times were good for this company, what's gonna happen next to bring value to what they're doing?
Overbought. Should have a pullback eventually.
Peloton Interactive (PTON) rallies Wednesday after the second quarter financial results of fiscal 2023. The revenue came stronger than expectations, but the loss per share disappointed investors. Here are the key points:
Peloton Revenue dropped 30% from the previous year same period, at $792.7 million topping the expectations of $710 million.
The Loss per share...
