$PTON - Long Above 117
Updated
It should be noted that ARKK purchased 135,000 PTON today. Looking at the chart, it looks primed for a small breakout upside. With more lockdowns being enacted we could see the 122 area, which is historical support/resistance. I plan on taking calls or buying shares above 117, selling just shy of 122.
Trade active
Bought 50 shares, targeting 122Comment
Ark purchased another 200,000 today. This is definitely filling the gap.Trade closed: stop reached
Got up to 120, should've taken profits. Stopped out at 117. Entire market fell through the floor today.Comment
This trade somehow came back to life, and so long as 117 holds it is valid.Comment
PTON being added to the NASDAQ 100, so this trade setup is still valid.Trade closed: target reached
If you reentered at 117 on the 11th, you would be up almost 20% today.
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