PTON trade ideas
PTON, short-term bearAfter completing a large 5-wave up move, now price appears to be starting large wave 1 down.
And in that large 1st downwave, we are at the start of the 5th wave of that. It's been a fast fractal and you can see the setup.
No point in going long here. Bearish short-term, especially with anticipation of a weak broader market the week of Feb 07.
Don't let the day of earnings FOMO distract your eyes, the signs are there. The risk is far too great to be long here unless you're a full buy and hold for more months.
PTON, the air is thin!I'd be extremely careful here at these levels.
This is priced to (and probably beyond) perfection.
Weekly chart shows 2nd final Fib target hit last month and price is all but yelling that it wants to retrace back to 130 at a minimum.
Earnings were good enough but needed to be an absolute blowout in order to sustain the momentum.
With supply chain issues still pressing for months to come, a pause/decline is coming fast.
This may be a momentum play again later, but now is not the time.
Definitely short-term bearish.
$PTON - Peloton Interactive Day trade
Stock is currently sitting below the 20ma and hitting it since the open,
A break above could bring some nice short term gains as the stock gets a runup into the earnings report.
$160 is a reasonable target intraday if we get that MA break.
Buying Opportunity. Targets: $168, $215Greetings Investors,
I’ll bullish on PTON based upon the following:
Bullish Factors:
1. Strong uptrend since May 2020, with classic pullback and bounce from 38% FIBO.
2. PTON has pulled back between the monthly (blue) and quarterly (orange) EMA, a classic buying zone.
3. PTON has been rejected at $168, which is the current resistance and first target.
4. If PTON breaks through resistance with strong bullish volume, then the next target is $215.
5. RSI has fallen to a safe-level at 47.92, which I interpret that PTON has room for future momentum to the upside.
Strategy :
1. Consider the OTM 19 Feb $150C or $160C.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Drop to 140??i was bored so lets just see what happens... tehe
head and shoulders on 1 hr chart
double top on daily... major level of resistance at 140 level, that might become support.
PTON Bounce off ChannelRetested bottom of channel twice, bounced perfectly
RSI low on all time frames
TTM zeroing out indicating a squeeze is imminent
Entry - the bounce off 147
PT1 - 1.272 Fib at 171.56
PT2 - 1.618 fib at 178
LT PT - 2.618 fib, 200
Also be advised that earnings is on the 4th, which is next Thursday, tread carefully and good luck
Channel tradeBeautiful uptrend and as long as the "upgrades and outperforms" keep coming I don't see any stopping this. My entry would be 161$ (goldline) or whenever it can get over the channel divider.. Will hold up until earnings Feb 11th
PTON approaching 20SMALooking for rejection at 20SMA to continue bearish downward trend before retesting low 140s.
$PTONEntry price : 143.80
Fundamentals :
- Sector: Leisure - Services
- EPS % Chg (Last Qtr): 239%
- EPS % Chg (Previous Qtr): 287%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 232%
- Sales % Chg (Previous Qtr): 171.75%
- 3-Year Sales Growth Rate: 109%
- Annual Pre -Tax Margin: -3.7%
Peloton Interactive: bearish in the short term
Detected bearish divergence with RSI in daily and weekly charts. It's not the best point of entry in the stock. Wait until RSI turns oversold and begins to turn again up.
PTON ShortRSI divergence
Might form double top
Short 160
stop 175
Target1 140
Target2 120
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$PTON nice run this past couple daysNice run after my post about the possibility. Now printed shooting start with todays candle. Can potentially trade down to 8 & 20 MA first
PTON on the way to $200Great chat to take a look at today "PTON"
-We can see the ascending trendline and the Support resistance zone as the two key elements to understand this chart
The Ascending trendline represents the asset's long-term bullish trend, and we can see how the price is accelerating and taking distance from it.
-The Support Resistance zone was the previous level in which a huge corrective structure was formed (ABC pattern)
-After the breakout of it and a bullish impulse, we saw a corrective structure (smaller ABC pattern) finding support on the previous zone
-Now we had a breakout of the small structure, and we expect a continuation of the bullish movement towards 184.86 (First target in which we will move our stop loss to break-even) and then to the final target 205.5, where we will close our long setup
-The setup we developed was Entry above "B" and Stop below "C" (of the small corrective structure) / Break-Even and Take profit were explained on the previous items
$PTON held 20 MA today and trying to close 8 MABeen doing touch and go at 20 MA for the past few days and this seems ready to for another push into earnings. 158 would likely act as some resistance
Sunday Outlook 1/11-1/15 $MCD $V $MA $W $VMW $HD $PTONHere i take a look at some stocks I am watching for the coming week, i breakdown the current patterns i'm seeing on them and how i would play them moving forward.
