US - Peloton - July 2021
Analysis
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance trendline with high volume + short shadow.
"Market is always right"
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance trendline with high volume + short shadow.
"Market is always right"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.