Your chance to unload in case you were in it..Whats the "headlines". Amazon is buying PTON.. Nike is PTON. How about Burger King or CVS? Maybe Lowes will buy PTON. I think you catch my drift. I would not want to be holding Peloton. I would not short it.. well, I would but I am not. Out of 8000 tickers, there are better things to be in. Someone is unloading their PTON and as always, gets some headlines put out to get all the kids excited that have no idea what they are doing and they think PTON is going to 4000 one day. Nike is buying them! Amazon is buying them! Dump this garbage. Buy in a few months if you want, there will be decent percentages to be made, even with just a lower high.
PTON trade ideas
Bad Episodic Pivot Candidate. Just watch. A lot of risk.Earnings inbound, strong downtrend, bad market... Just watch new range characteristics unless you like to gamble.
This needs to clear overhead supply and resistance before it becomes buyable. The best case scenario for bulls is this builds a new base. Any parabolic moves are suspect to mean reversion setups the following days.
Bias more on upside. 06/02/2022
News: Amazon is exploring offer for Peloton and shares surge 30% after market.
Peloton's sales boomed during COVID-19 lockdowns, with many snapping up home fitness equipment. But its fortunes began to fade as vaccinations increased, gyms reopened and rivals offered competitive products.
In November, it hinted that demand for its exercise bikes and treadmills was slowing faster than expected, and its market capitalization since then has shrunk to about $8 billion from a peak of nearly $52 billion in early 2021.
Source: www.investing.com
SL: 18
TP: Break above $35.50 may see $50 next.
PTON Peloton Buy area after a Massive Head and Shoulders The price target of the massive head and shoulders bearish chart pattern was reached yesterday.
Insiders sold around 500Mil worth of shares last year.
PTON went lower than its IPO price, $29 and is now trading in a consolidation area.
the price is not yet safe in that range.
My buy area is $18 to $24.5
Looking forward to read your opinion about it.
What are condoms for?'Protection!!! PUTS, PUTS, PUTS!!!
It looks like the SPY could form an inside candle with an upper wick retest of former trend line area (see circle), also on QQQ. And that's if we don't go any lower today; but seriously doubt we go higher. You can thank PTON for crushing the market as the news they released was super bearish; shutting down production of there bike and treadmill. As it basically means, 'anybody that wanted to buy stuff over the past couple of years, has' money from stimulus funds, investment gains, etc. They are just the first to say this, and wont be the last.
PTON finally bottomed? Peloton crash or coming in for a landing?Here we have a perfect example of "Golden Growth".
The amplitude of the waves grow by a factor of 1.618.
The return trip should complete at the 2.618 or 1.618.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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PTON - Potential Long on the 4HPeloton has seen over an 80% decline in stock price since its January 2021 highs. It could be ready to claw back some of those losses up to near term resistance at $46. Depending on the buy price, this could pose a potential 30%+ gain on this trade in what could be within a relatively short space of time.
I would look to take this setup if the break and retest of this trendline confirms with a bounce and close above the trendline. I expect this to be within the next couple of days or early next week at the latest.
Peloton, 5 Jan: Ready to buy?Peloton has lost -81% since January 2021. The pain and destruction in this chart are real. But we know that nothing goes up or down forever. JP Morgan finally downgraded the stock on 31 Dec, which is so unbelievably late that we may now take a contrarian position.
Elliott:
We are able to count 5 waves to the downside. The 78.6% retracement is at 29.
Geometry:
Price is approaching the lower boundary of the pitchfork/channel. Price responded well to the previous fibonacci levels within the channel.
Oscillators:
The Stochastic is oversold since Nov, and due to move up. The RSI shows a bullish divergence.
How to trade it:
PTON may drop further to complete the wave and reach the lower boundary of the channel. The idea is to pick the stock up at this level and to increase long exposure once we observe a higher high, indicating the break of the downtrend.