Bearish Head & ShouldersBearish H & S forming on the 15m. Wait for confirmation break down across the neckline before taking the trade.
PTON trade ideas
ridethepig | Bullish On Home Fitness ... Pelaton At The Lows!We can start to look for single stock opportunities as behavioural economics changes as a result of the Coronavirus impact. We are talking about a dramatic loss in confidence, global OCD patient numbers are ticking higher which btw itself from time-to-time be a very useful indicator.
We are talking about an outbreak which has triggered volatility across the board and home enablers will benefit. Would it not be opportune to direct our focus towards a new sector? How to do that will be seen in the following months in the stages of transfer.
As the main background to the theme, VIX now reaches the final stages in the move towards 85 it's time to start looking for value areas in PTON:
We are starting to reach the initial targets in SPX and DAX selloffs which implies there will be some profit taking from sellers despite the fact we are entering into a recession:
DAX
SPX
Other opps... GILD will continue doing the heavy lifting on Remdesivir (GS-5734) side, this is their free pass into the Chinese Healthcare system. Models will need to start quickly repricing revenue from the Hep B cases in China. GILD will do the heavy lifting here, +/- $20 upside available on the headline for FDA approval which looks around the corner. Flow-wise, the initial target area from the latest technical break comes into play at 86. xx (+25% from current levels).
Highlights on the ownership front going to usual suspects in here, Morgan Stanley, Soros, Blackrock, Eminence and Fidelity. This is another known position, it's going to be decided in the next few days. Thanks as usual for keeping the likes and comments rolling.
Short the Hype!People need to use the money to stock up. Not buying a $2000 bike. This proves that many people are still numb to this pandemic.
Alot of these payment plans will default because people who work in service industry will likely lose their jobs over this disease crisis. I think this is a global crisis and it will be bigger than the 2008 crash.
PTON will Eat the ApplePTON meets competition in a time of struggle.
Apple is working on an app with fitness videos, codenamed Project Seymour.
Elite fitness instructor Jay Blahnik is running the project internally, according to a person familiar.
The guided workouts range from cycling to yoga.
The bullish narrative is PTON will be benefiting from the stay at home trend and the recent shut downs of gyms and other institutions on a global scale.
BUT
With a potential recession on the horizon, selling $2k bikes with a $39 a month subscription might not be the best business model.
CNBC
www.cnbc.com
Citron Research "report"
citronresearch.com
'CR' Price Target 5$
Elliott Wave View: Peloton ($PTON) The Next Leg UpPeloton ($PTON) had a very nice run before topping December 2019, and could be ready for the next leg up. The caveat with analyzing companies that have recently gone public is there is not much history to analyze. However, the structure that Peloton has produced since hitting the all time lows suggests the next bull run could be in the early stages of development and could provide an opportunity to get long.
Elliott Wave Overview:
Peloton set all time lows on Oct 23/19 at 24.06 and from there has developed a bullish sequence. Wave ((1)) topped at 26.50 and ((2)) bottomed at 22.25. From there wave ((3)) topped at 32.01 and (4) bottomed at 27.75. Wave ((5)) of Red I topped at 37.02 on December 2/2019. Peloton then corrected that cycle up in the form a Double Zig Zag where ((W)) bottomed at 25.67 on December 27/19, ((X)) topped at 34.60 on Feb 4/20 and ((Y)) of Red II bottomed at 24.52 on February 24/20. An Equal legs extreme area measured from ((W))-((X)) where buyers could enter for a bounce was not hit, and instead buyers came in prior to the extreme area. As long as price action is above the 24.52 lows, the 1h is turning up and dips in 3, 7, and 11 waves should continue to be bought. Should price fall below the recent low of 24.52 then Red II would be seen as extending down and the equal legs blue box should provide an area where buyers can enter.
In the near term, Peloton is working on breaking out into a Blue (3) of ((1)) with a 161.8% extension target of 35.28 where a pullback for wave blue (4) should take place before heading to wave blue (5) of ((1)).
Peloton somehow bullish $pton
Looks like the earnings disappointment and spending projections are forgotten already,
Can try a trade to top of channel but looks very risky and vulnerable to another leg lower.
Mid channel and Horizontal resistance holding at the moment, but the huge volume could push through
Bounce play opportunity on Pton (Peloton Interactive)I was originally really bearish on Pton but when i saw that CMCSA had stake. it might be a fun play now.
"Comcast reports 19.1% passive stake in Peloton Comcast (CMCSA, CMCSK) reported a 19.1% passive stake in Peloton (PTON), which represents over 10.34M shares. The filing does not allow for activism."
Read more at:
thefly.com
Entry 26.60
target 28.00
stoploss 25.60
Peloton trade ideaPTON may bounce off day one IPO opening price or visit bottom of the channel before doing so
Wait and see for Peloton $pton
Await earnings for a possible breakout trade entry $36.00
Target price at Fibonacci 1-2-1 expansion target $42.00
Strong horizontal resistance at $35.00
Very strong swing in momentum in the stock.
Very impressive volume.
Alex Vieira Downgrades Peloton PTON to Junk to Invest in TeslaWe sold Peloton Interactive to invest in serious companies as Tesla upgraded to Strong Buy $179 in 2019
Peloton Interactive takes investors on a 22% trip afterhours
Huge volatility after-hours as initial earnings impressed but the cash burn looks to intensify.
investors will eventually want to see a road to profit.
spending more money than you are earnings is not sustainable, regardless of growth.
Avoiding this one for some time
highhopes.jpg | $ptonLottery calls, 2/14/2020 43$ calls for .85$.
Let the scammers scam, this is the casino!
Another chance for PTON?Higher highs and higher lows for PTON after it broke the wedge. It botched earnings last time but the holiday season is certainly a interesting point for potential here. Looks like investors are slowly loading up for the chance that it beats but a big jump upward will depend solely whether it does so or not. Current target at previous high.
A nice Bullish setup Expecting price action to drop a bit first to the 27.41 level, and then....
1st Target - 28.35
2nd Target - 29.31
3rd Target - 30.59
4th Target and Objective - 30.84
PTON making a runBullish divergence coming into play today and PTON finally broke resistance. Keep an eye on EOD close for confirmation of breakout.
Peloton $37 target from WedbushSome bullish action in the stock and looks like the correction is over.
Peloton initiated with an Outperform at Wedbush. Wedbush analyst James Hardiman initiated coverage of Peloton with an Outperform rating and $37 price target.
Read more at:
thefly.com
Average Recommendation: BUY Average Target Price: $34.58
16 buy rating out of 20 analysts
Huge short interest at 69%,
The gift that gives backPELOTON
- PTON started to look like it would be breaking out and heading for a double top which would be my original setup for a short position.
Anyways, it didn't go like that, not enough volume to back up a breakout and to sustain the gains, green to red move. So a new opportunity has arised, short from current level at resistance down to support level at 24. Stop loss above today's high.
Possible HedgePton has been on this nice bearish channel for days now.
Short Entry $30
Exit $27
Stop $31
