Huge volatility after-hours as initial earnings impressed but the cash burn looks to intensify. investors will eventually want to see a road to profit. spending more money than you are earnings is not sustainable, regardless of growth. Avoiding this one for some time
Lottery calls, 2/14/2020 43$ calls for .85$. Let the scammers scam, this is the casino!
Higher highs and higher lows for PTON after it broke the wedge. It botched earnings last time but the holiday season is certainly a interesting point for potential here. Looks like investors are slowly loading up for the chance that it beats but a big jump upward will depend solely whether it does so or not. Current target at previous high.
Before dumping into the Lockup Expiration on 24th of March 2020
Expecting price action to drop a bit first to the 27.41 level, and then.... 1st Target - 28.35 2nd Target - 29.31 3rd Target - 30.59 4th Target and Objective - 30.84
Bullish divergence coming into play today and PTON finally broke resistance. Keep an eye on EOD close for confirmation of breakout.
Some bullish action in the stock and looks like the correction is over. Peloton initiated with an Outperform at Wedbush. Wedbush analyst James Hardiman initiated coverage of Peloton with an Outperform rating and $37 price target. Read more at: thefly.com Average Recommendation: BUY Average Target Price: $34.58 16 buy rating out of 20 analysts Huge short interest at 69%,
Is this forming a cup with a handle or am I getting it wrong?
everything is mooning, even weed stocks, why not this turd?? HEAVILY shorted
PELOTON - PTON started to look like it would be breaking out and heading for a double top which would be my original setup for a short position. Anyways, it didn't go like that, not enough volume to back up a breakout and to sustain the gains, green to red move. So a new opportunity has arised, short from current level at resistance down to support level at 24....
Pton has been on this nice bearish channel for days now. Short Entry $30 Exit $27 Stop $31
Entry level $30.85 - Target price $35.00 - Stop loss $30.00. The negative commentary and analysis has swung to positive outlook and reviews after a bumper spending spree by consumers over the festive period. The chart is also very bullish with all indicators in reversal and the volume profile is particularly encouraging.
$PTON is to new for regular technical analysis so, I'm looking at what appears to be a Morning Star pattern. If this clears the $29.20 area it should have room to run to the old highs... Ideas, not trading advice.
Looks like we may have found some support here which may offer up a day trade on a break above the $28 region. Moving averages are now providing much needed support.
Will be on the lookout for a reversal opportunity in Peloton today, in Fridays session the Fibonacci Golden pocket held perfectly which is a good sign but could very well be retested today, if it holds it suggests buying strength, thus will look to long. 7&12ma's have been regained as support. Macd and histogram in reversal. On the other hand is this support...