NASDAQ:PTON While the cloud, 100 SMA, and .618 fib level point to $29.50 as key resistance, the confluence of 50 SMA, 0.5 Fib, and Tenkan at $26.20 - $27 range may see 100 SMA flip support and price attempt continuation of uptrend (purple trend line).
Realistically looking to enter short with tight stop at any touch of lime green downtrend line ($31-$33 area)...
This is one of the few stocks benefiting from the current social distancing measures in place all over the world. I like long over $28.70 with a stop loss below $26.00 and an initial target of $34.60ish.
This stock has seen many similar setups in the past. With the growing popularity of PTON, I would expect a break through the top part of the wedge and moves towards the mid 30s.
We can start to look for single stock opportunities as behavioural economics changes as a result of the Coronavirus impact. We are talking about a dramatic loss in confidence, global OCD patient numbers are ticking higher which btw itself from time-to-time be a very useful indicator.
We are talking about an outbreak which has triggered volatility across the...
People need to use the money to stock up. Not buying a $2000 bike. This proves that many people are still numb to this pandemic.
Alot of these payment plans will default because people who work in service industry will likely lose their jobs over this disease crisis. I think this is a global crisis and it will be bigger than the 2008 crash.
PTON meets competition in a time of struggle.
Apple is working on an app with fitness videos, codenamed Project Seymour.
Elite fitness instructor Jay Blahnik is running the project internally, according to a person familiar.
The guided workouts range from cycling to yoga.
The bullish narrative is PTON will be benefiting from the stay at home trend...
Peloton ($PTON) had a very nice run before topping December 2019, and could be ready for the next leg up. The caveat with analyzing companies that have recently gone public is there is not much history to analyze. However, the structure that Peloton has produced since hitting the all time lows suggests the next bull run could be in the early stages of...
Looks like the earnings disappointment and spending projections are forgotten already,
Can try a trade to top of channel but looks very risky and vulnerable to another leg lower.
Mid channel and Horizontal resistance holding at the moment, but the huge volume could push through
I was originally really bearish on Pton but when i saw that CMCSA had stake. it might be a fun play now.
"Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism."
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thefly.com
Entry 26.60
target 28.00
stoploss 25.60
Await earnings for a possible breakout trade entry $36.00
Target price at Fibonacci 1-2-1 expansion target $42.00
Strong horizontal resistance at $35.00
Very strong swing in momentum in the stock.
Very impressive volume.
