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.
Another inverse head and shoulders with bullish divergence on the lowest low. Bullishly engulfing here on the 3D potentially seting up for a 3bar play continuation.
Peloton - 30d expiry - We look to Sell at 12.98 (stop at 14.41)
The primary trend remains bearish.
This stock has seen poor sales growth.
The trend of lower highs is located at 13.15.
The previous swing high is located at 13.35.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 9.41 and 9.01...
People can say Peleton is sooo much more than an exercise bike. I don't disagree, however, it's core business and most valuable product is it's bike. Sure, subscriptions and add-ons bring in lots of cash, but you won't get any of that subscription money if your target market is as small as this one's is. I say that because you have to be financially in a decent...
Education only: While there are many factors that are necessary when choosing to invest, the technical analysis is one part. In this case, Peleton has been consolidating for quite a few quarters on the back of massive slowdowns, revenue shortages and other negative news. It seems to have begun to make a base around the 10 dollar mark. Positive catalyst could lead...
Peloton is as hated now as it was loved in 2020
Didn’t one of the execs do a Tim Robbins?
Anyways…
This looks like huge consolidation
RSI is in uptrend
Massive gap above
Keep shorting Beartards
GRI 2022
Second gainer in October is NASDAQ:PTON . Holding period is 0 day (10/3/22-10/3/22). Account up 1%.
This year, my account is up 75.8%, average holding period is 13 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
$PTON after test to the pivot, it was rejected and get short, until the support at 8.17
I using a custom and dynamic support/resistance and pivot indicator programed by me
if you want to me share a shapshot of a specific stock, send me a message
cheers.
Interactive fitness company Peloton was a hit during the pandemic, with its luxury touchscreen bikes, treadmills, and live, on-demand classes that were only available by subscription. Then, it took a hit by the end of last year. I used a bullish options strategy earlier in the month (9/2/22), hedging to counter downside volatility. This week there was a...
Peloton
Short Term
We look to Buy at 8.60 (stop at 7.82)
Expect trading to remain mixed and volatile. Previous support located at 8.60. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.02 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.60 /...
I really haven't paid any attention to this stock, ever, besides knowing that it was up a lot because "COVID MANDATES ARE ' SAVING LIVES '" and "WORKING FROM HOME IS SO GREAT AND WE NEVER KNEW ALL THESE YEARS ," the propaganda outlets said.
And then dumped remarkably on the back of a lot of bad press like that time someone died on one on Sex and the City, and...
🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
Technical Analysis: No surprises with PTON, missed on ER, and had a huge (-18%) drop!! Expect the pullback into 11.15-11.45 and a continuation throughout the next few weeks; I will be picking up ATM options that are 3 weeks out to continue to trade the negative momentum on...
PTON- Short Iron Condor Trade Idea:
Expiration AUG 26th (10 days).
Strike Prices to create IC:
Long Call: $25.
Short Call: $24.
------
Short Put: $11.
Long Put: $10.
Filled @ $22 ($0.22) credit (as of 8/16 mid-day).
$100 Collateral.
Risk:Reward Ratio: $78:$22, or 3.5:1.
Short strikes can accommodate approx. 18% down
and 77% up from current price (8/16...
