BUY of PELOTON INTERACTIVE Hey guys, PELOTON INTERACTIVE is in the end of a compression zone, ability to break up and breakout the stabilization zone to join a new one.
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PTON trade ideas
PTON to tag the ATH and then some.PTON looks good, support holding to tag the ATH for a quick move from 47.72 to 49.77. Remember these are setups only. Best we can do for each other. Please apply your own plan.
Peloton Blasting-off to new-highs 🚀 $PTON convincing breakout from the 1.168% Fibonacci extension of the Dec-March decline 🚀
Next test; 2.618% extensions around $68.
$PTON Peloton Day Trade IdeaNASDAQ:PTON Decent size buyers for $50 calls worth keeping on watch. I would like to try it over $48 if it gets there with a PT of $49-50.
Bearish PT: $45 lower
I Missed The Re-entry :/ - 06/09/20 RECAPHi traders,
Losing in one particular stock doesn't mean you should be done with it for the remainder of the day. One deeper pullback got me out of my PTON Long which then offered a really nice profitable opportunity later in the day which I sadly didn't take advantage of and cost myself money!
Trades:
1) PTON - LONG @46.23, -1.02%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -1.02%
Total PnL for the week: +0.11%
Good trades,
Tom | FINEIGHT
$PTON $54 price target
Stock has had a all time closing high today on good volume.
Possible long above $49.50
Upside target $54.00
PTONPTON is looking like it will head back to an all-time high anytime soon.
It needs to hold 44.60 to remain constructive to the upside
PTON Hanging Man Close Gap Bellow Hammer Pull Back ReversalPTON Hanging Man Close Gap Bellow Hammer Pull Back Reversal Canlesticks
Purchasing PTON calls in June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 38.00 strike with a July 2 expiration.
Who Needs a Personal Trainer at the Gym when Peloton Provides an** Comments and Likes are appreciated; New Subscribers are fit and healthy! **
:: Peloton has been on my radar for a while. With CV-19, people cannot go to the gym. Even if the lock-down is over, the gym is not the first 'safe' place you would consider visiting. Seriously, I would go to a cinema first before I would re-enter the gym... for all kinds of reasons. Further, when you can bring your personal trainer to your home with high definition interactive video feed... even if CV-19 was never a thing, the concept of going to the gym was already at risk!
What I see...
+ Prices broke above the neckline of a head-and-shoulder pattern
+ Since earnings from early May, a gap up followed by side way move with descending volume until prices pulled back to the 10ma and RSI exited the overbought zone
+ MACD is bullish
+ Prices respected all Fib lines along the way
- Bollinger Band is wide
- All-time high of 48 as Resistance
What I setup...
+ Long entry above today's high
- Stop under Thur's low
+ Target at 1.618 Fib
:: Duration - 2 to 3 weeks
Growing channel. Excellent growth prospects.Entry price – 46.25 $.
TP1 – 47.13(+1,91%), TP2 – 47.97(+3,72%), TP3 – 48.96(+5,87%). SL – 45.17(-2,34%).
$PTON Peloton May be ready for next step higher
Possible long entry above $46.00
Upside target to $48.00
$PTON Holding Short into Monday Holding a short into Monday .
Short the Stock & 3 CALL Spreads .
Though I completely understand this can continue higher, to me the risk reward shorting up here is well worth it .
Selling a July 50 Call for $5.30 seems less risky than buying the stock at $48.
PTON losing steamLooks like Peloton might have hit its peak for the time being.
Good chance it retraces to close the gap it made around $40.
PELOTON Step your way upPeloton analysis long term trend up, short term correction expected. RSI overbought.
Personally, I am opening a long position as the stock corrects itself.
Not an advisor, my personal opinion. Good luck!
