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
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...
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...
I think this pennant is setting up for earnings and Fed meeting next week.
Market has a $2 move priced in, but I think it'll move $3, and hit resistance or support. Expecting this to whipsaw around $11 until then, so no position.
Quite frankly, I'm bearish on earnings, but shorts tend to cover on bad news so we could see one of those stupid deals where it...
Last week I swung some calls for a 60% and 86% profit. Is PTON losing steam? Momentum slowed as it neared an area of distribution. If it fails to base at 12 and falls below it, there doesn't appear to be much in the way to $9.
Even garbage floats on a rising tide, so I assume this pennant is going to break upwards for a double top. $13 target.
Note: I am not long or bullish on PTON, I usually chart things before shorting, lol. I don;t think I'm shorting anything until the Fed meeting, this is a prime candidate next week though.
