PTON Trade Idea
11/Jan: nice comeback from 20 MA
relatively lack of volume
Case 1: (Time Frame to 2~3 weeks)
(A)Monday first break even resistance on 162
(B)expecting pull back to 10 MA to complete handle
(C)the CUP HANDLE formed after reclaim ATH Line
(D)(E) Need volume+Catalysis to extend the uptrend
Action item: Call Opps on pull back to 10 MA
Case 2: 3-C forming (1~2weeks)
Consolidate between 162-154 with low volume
breakout with volume
Action item: Open Call with tightest price date
Case 3: Start uptrend from Monday🤷♂️
relatively lack of volume
Case 1: (Time Frame to 2~3 weeks)
(A)Monday first break even resistance on 162
(B)expecting pull back to 10 MA to complete handle
(C)the CUP HANDLE formed after reclaim ATH Line
(D)(E) Need volume+Catalysis to extend the uptrend
Action item: Call Opps on pull back to 10 MA
Case 2: 3-C forming (1~2weeks)
Consolidate between 162-154 with low volume
breakout with volume
Action item: Open Call with tightest price date
Case 3: Start uptrend from Monday🤷♂️
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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.
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.