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PTON - Shift In Momentum In Action ↗️
Peloton Interactive, Inc.
PTON - Shift In Momentum In Action ↗️
By TheSignalyst
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Dec 5, 2023
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Dec 5, 2023
Hello TradingView Family / Fellow Traders,
📈
PTON
has been overall bearish trading within the falling channel in red.
PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green.
🏹
For the bulls to assume control
and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance.
Meanwhile, PTON would be bearish and can still trade lower.
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
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