Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
So this is either bottom of the trend line and we can see pton make a good bullish bounce! Or something completely different. It is concerning that the attempted break out failed on the third go at $160 and with the market sentiment being rather bearish drove this stock down quickly. Now even more interesting is that we still closed under a resistance point...
just a quick new count on $PTON weekly chart with a pitchfork overlain on it. Its lookin like a nested 1-2-1-2 if it holds the golden zone bounce. If this count is accurate, we could see 250+ by end of June.
This is a companion video to my "Trade Like a Pirate" article showing how the Long & Short tool can help you manage your "aRRR" - Your Reward-to-Risk Ratio. Whether you are trading a Company, a Currency, or Commodity, you want to Consistently trade your positions in terms of Risk and Reward for consistent results and to not "blow up your account" with a bad trade.
I've filled this chart with as many higher end: or Becky, discretionary spending stocks as I was able to. A thousand dollars in each at the start would've produced some very nice returns.
No bounce in site yet so far today. Next support is @ $125. $142 to $144 is now strong resistance for Peloton.
After completing a large 5-wave up move, now price appears to be starting large wave 1 down. And in that large 1st downwave, we are at the start of the 5th wave of that. It's been a fast fractal and you can see the setup. No point in going long here. Bearish short-term, especially with anticipation of a weak broader market the week of Feb 07. Don't let the day...
lots of support coming into play here for pton, rsi trendline, sma. on watch next week for a entry. I want to see the top trendline break for confirmation first! goodluck :)
I'd be extremely careful here at these levels. This is priced to (and probably beyond) perfection. Weekly chart shows 2nd final Fib target hit last month and price is all but yelling that it wants to retrace back to 130 at a minimum. Earnings were good enough but needed to be an absolute blowout in order to sustain the momentum. With supply chain issues still...
MY FIRE INDEX
PTON bounced after a steep sell-off but fooled longs with a false breakout. Breakeven trade
Look to pick up some PTON off the 50 SMA. Can be potential breakout from triangle.
Hope the support/resistance is clear. The levels are clearly defined. No reason to lose a lot of money with this name.
Hello fellow traders and investors, PTON is one of my favorite stocks I'm watching since there is a very high ROI potential, and in my opinion, this is a great company that has grown its revenue each quarter and I'm looking at this more as an investment since I believe this company is set to grow much more. Since their valuation is very rich sitting at around 279...
PTON, lots of low volume consolidation. Remember Ive mentioned that I love a sharp move lower to take out stops and shake out the weak hands. Looks like we may have got that. Arrow marks it. Still watching. Alerts are set.
PTON has been moving in upward channel. Despite recent pull back PTON appears to continue to uptrend in channel.