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PTON-TRADE

Peloton: Anddddd back downPeloton Short Term We look to Sell at 10.90 (stop at 11.76) Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies. Our profit targets will be 8.94 and 8.30 Resistance: 11.30 / 14.70 / 20.00 Support: 8.70 / 5.00 / 2.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONShort
by Saxo
Peloton bottoming?Peloton Short Term We look to Buy at 8.83 (stop at 8.07) Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 11.28 and 13.49 Resistance: 11.30 / 14.70 / 20.00 Support: 8.70 / 5.00 / 2.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONLong
by Saxo
1
Peloton correction coming?Peloton Short Term - We look to Buy at 11.87 (stop at 11.05) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher. Our profit targets will be 14.31 and 15.49 Resistance: 14.50 / 15.80 / 24.50 Support: 12.00 / 10.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONLong
by Saxo
PTON Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
NASDAQ:PTONLong
by hadimozayan
4
PTON Short EntryOh Pelaton. What a ride you had :) This stock started last year (2020) at around $27 a share, rising up to $170 just 12 months later. It's time for a correction. And, although I'm not a fundamental expert/trader, I believe there's a case to be made here. First, let's look at the charts. Technical Basis - Daily Chart Let's start with the Daily chart. There are quite a few things happening right now in this chart. Let's start with the moving averages. The first red arrow below points to the crossing of the averages. With the 200 period on top and the 20 period on bottom, we are in a perfect situation to enter a short trade. Next, we have the diagonal trend line that'd been respected for a few months now. We're right at that level, with the Stochastics up in overbought territory. Great second sign of a solid short entry. Going on, we see a bit of a support/resistance zone around $100 (my line is at 99.88). Price has respected this a bit, and we're back at that level. On the short side, this is a bit of a break and retest entry, and I am expecting this to fail downward. Finally, my favorite part is that the horizontal support/resistance line is currently crossing the trend line. This is a great place to enter a trade. When two of my lines cross on a chart, its a confluence of lines, and likely to be a point where price bounces. Technical Confirmation - 4H Chart For furher insight, I pulled up the 4H chart. Now, this isn't a perfect entry or setup by any means, but it's decent confirmation. Price has tested the upper Bollinger Band, and Stochastics are in overbought territory. Again, a great place to enter as the current candle is showing a reversal pattern together with the previous two. Fundamental Thoughts As mentioned, I don't look deeply at balance sheets or company politics. Fundamental investing is not my game, and I don't pretend to be good at it. However, there is one thing that comes to mind. The pandemic is getting better in many countries, and people are beginning to go outside. Gyms are re-opening, people can run/bike outside, and although Pelaton built a huge customer base, I don't think purchases and revenue will rise at such rapid rates. Just my two cents there. My Trade So, there are many ways to get into this trade to make money. You may not be able to short the stock, and that's okay. I often don't short stocks myself. Instead, I'm going with a Vertical Put Spread option on this one. I am doing a 18 Jun 21 spread at 97 and 94 strike prices. The premium I paid came out to $90/contract, with maximum gain of $220 (not including commissions). My breakeven point at expiration is just about $76 for PTON.
NASDAQ:PTONShort
by MRobertsTrading
2