2ON trade ideas
PTON is still holding its range while SPY is falling since 4 dayPTON is still holding its range while
SPY is falling since 4 days
PTON should be a stronger stock than index
should hold this longterm trendover 127 we can test highs again! watching closely here. trend is your friend as you all know, election selloffs are rough. but the big picture shows us these dips are normal. and to buy them :) gl and leave a like! thanks
PTON Pre earning momentum playLike PTON long above the box. Risk = close below box. Targets = dotted lines.
Has historical pre-earning momentum. Always trim your positions on the way up and let the last bit ride.
PTON/Peloton is going to be BULLISH if....As you can see on the chart ,after breaking the dynamic resistance it will be a great entry point with great ratio of risk to reward.
PTON Corrections is nearPrice of PTON advancing during last period. Looking forward small retracements during next week. Let's see how it will go. Not best time to buy...
$PTON - Bull case $146 & Bear case Target $119Bull Case: Cup & Handle First Target $146
Confirmation: Break above $140
Bear Case: H&S First Target $122-$119
Confirmation: Break below $127
I hold puts for this week.
Good Luck.
PTON Chart - Idea: Iron Condor PTON closed on 10/21 @ $124.30. Could possible go down to $115, $97 or up to $130 depending on if it holds support level of $123.77.
Peloton officially VOIDED its bullish pattern.Update from yesterday's PTON chart analysis:
Peloton has officially broken its upward climb with a fall under the 125-126 support level.
Although I like this as a long term investment, the short term is looking like a sideways/downward trend.
If you plan to play calls, I would look for end of year expirations.
Peloton can benefit from the winter months if COVID cases surge, gyms close but for now I think the ceiling is 136-137.
Peloton continuation pattern.Peloton showing testing of its support levels.
NASDAQ:PTON
In danger to falling under its bull upward pattern. Volumes have been decreasing steadily so i would like to see this keep going but i feel like it has reached its top price of 139-139.90.
Support at 126.50-127 and if it breaks lower, it could test 125-123-120.
For short term traders, this would not be good but for the long term investors, a great entry would be any price under $120 imo.
Curious to see how this plays out.
Impeccable run by $PTON thus far!!
Managing Risk using the Long and Short ToolThis is a companion video to my "Trade Like a Pirate" article showing how the Long & Short tool can help you manage your "aRRR" - Your Reward-to-Risk Ratio. Whether you are trading a Company, a Currency, or Commodity, you want to Consistently trade your positions in terms of Risk and Reward for consistent results and to not "blow up your account" with a bad trade.
PTON SHORT!!!! BEARISH WEDGE PATTERN ALMOST COMPLETEDPTON has had a spectacular run. From the Low in early September at $72, the price has nearly doubled!
It appears that there is now a very high probability of a reversal, and PTON will retrace the move from March, 2020.
We expect PTON to have a 32% to 38% correction, bringing the price below $100 and most likely into the $80 to $90 area. This could happen within days or perhaps play out over the next couple of weeks.
There is some potential for upside to $144, however it appears as though PTON could complete it's pattern along the upper trendline in this BEARISH WEDGE (ENDING DIAGONAL), which is currently around $139.
Looking to purchase November Expiry Put Options: 120s, 115s, 110s,
Peloton Now Worth $38 Billion - Weekly ChartI think Peloton has created a great exercise bike. And some novel new ways to watch workout videos on your phone. It recently hit all-time highs and has been spiking higher. Its market cap is now $38 billion.
I am a fan of technology, growth, and change. But I also know that as a society we have been making exercise bikes for 30+ years. This is not the first exercise bike to hit markets and it won't be the last. Sure they built some subscription models on top of it, but quite frankly, every other bike can do that as well. So can the gyms. So can the apps that track runners.
It will be interesting to watch going forward and the brand is quite strong. Could it go to $60 billion? $100 billion? What's next? I'm not sure, but I would wager that the stock needs to calm down before it rides higher again. I don't have a trade on it yet, but am watching closely. I marked some levels on the chart.
$PTON - Bull case Target $146.5 & Bear case Target $125$PTON is in parabolic trading pattern where it may be due to for a one last pump $146-$151
Check the below scenarios:
Bull Case: Double Bottom -> First Target - $146.5
Bear Case: Head & Shoulders -> First Target - $125
I hold $144 call for next week.
Good Luck.
$PTON #moon <--- sarcasmI mean, honestly....
Newton's law of Gravity will apply here at sone point...
Meanwhile the weekly calls go 2-5x on a given day if you BTFD and play 5min bull flags
Consider:
Oct16'20 monthly OPEX and it'll pin somewhere?
Earnings on Nov 3 - hard to think that after a run from $72 to almost $140 it will experience a pre-ER ramp.... Probably needs to cool off for that to happen
Nov20' O/I seems to be gravitating around the $85s
200ma on 60min offers great support around 100
Daily 50ma and Weekly support levels come in around the 85-90 level
$PTON - End of Parabolic Curve! First Target $125$PTON performed parabolic trading pattern which hit $140 & kudos to who ride this curve.
First downside target (Head & shoulder pattern) - $125
Good Luck.
$PTON Head Traps & ShouldersLooking like the start of the collapse on PTON here, now of course its "Head n Shoulders" but we got an exercise bike, so of course this guy is gunna be bulked up with some nice shoulders with some firms trapezoids, am i right? those traps would equate to the buying power of the dips and the triple entendre a literally bull trap waving the red cape, but this guy has to get off the bike at some point for a breather before a likely good Earnings Run. Scouting a Wave 4 retrace here... also stochs are starting to turn down. happy trading :)
PTON Completed wave 3 of 5.Peleton has been on an absolute tear lately, I am anticipating a pullback sometime soon (Wave 4) where I will then proceed to go long with a target of profiting off of wave 5 to new ATHs.
WARNING: This has had crazy momentum recently and I would not be surprised if it were to continue its trend upwards without stopping significantly for a while.
