4PTON trade ideas
$PTON (PELTON)Picked up the $PTON 12/17 $65 Call for 0.76/contract.
Currently up 8.55%.
Trade Plan: Swing through November. PTON should hit the first minor gap up and then move with volume & momentum into the ERs drop recovery mode.
Plan of action: Take profit around $60 on the swing. If candle sticks move big will see how this moves higher.
Currently on the 1y1d 20d SMA $68, 50d SMA $80.94, $200d SMA $89.16.
10 RRR Play with a price action move of the large Gap fill here.
Will update as it unfolds.
Bullish Hammer at PCZ of Gartley with Hidden Bullish DivergencePTON Had a crazy dump day the other day and lots of v9olume sold out of the stock we then spent a few days at the 78.6% retrace and we now seem to be getting a reaction, so long as we close the day like this, this should be a good bullish signal to enter. i will buy some shares and some calls here.
Peloton could be a good ideaAt this level the stock seems interesting, I will watch it during next days waiting for signs of reaction
$PTONBlew through the 100% fib ..not bullish ..still expect a bounce at target . The nature of bounce will determine resurrection of possible bullish case . If we take out 61.35 in first wave of a 5 move up bounce then can be more immediately bullish again especially we hold the 50 back .
watching this one like a hawk🍿pton at the bottom of its downtrend channel, could be a good dip buy. Theres not much support left if the trendline support breaks though! so be extra careful on this one if you have a position. a break of support can send it down to the 20-30 area.
stop loss 43, price targets 60/74
PTON LongCompare 11/5/2020 and 11/4/2021 earning, Both GAP down,
last year, after consolidation -> new swing high in uptrend.
This year, Shows weaker in down trend, do not hope new swing high, GAP fill is good enough.
Entry 51
Stop 47
Target 80
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
PELOTON: $93 | Building a Long Position for 2022 50%_++ yieldhad this with Soros at $20 but sold too early. at current levels he should be accumulating for the next run up
if my wave count is correct then it shold be wave 3 towards 2024
PTON first 5 waves sequenceI'm a long term investor, so I usually check the decade chart, but since Peloton just got into market recently, there is no much data. Still company has a good product/service, so I believe Peloton might be ending a wave 2 in the long term timeframe. It's first 1-5.
Please do your own research and plan. This is not financial advice. For education purposes only.
Peloton Dip Buying OpportunityThis asset and the whole market are probably overvalued but IF you are a Peloton bull and PTON doesn't go under, then this is a good an opportunity as ever after losing over 30% overnight. Could be terminating a third corrective move (wave C) of a bull flag forming since January and its down 70% from ATH. The bottom of the uptrend channel forming since being listed has not been formed but given the direction of important trendlines, this could be the area where the lower boundary is formed.
$PTON Peloton is at Levels to watch Peloton now lost all it's gains since End of June 2020.
I'll watch very closely, how $PTON will behave in the $50's, and if the market wants to test that Fib Retrace around $50.
One could size up risk/reward pretty decently in those areas.
$PTON is a stock to watch for Long oportunities.
Saw this coming but didnt do anything about itNo trade for now.. wanted to short but missed it... This post is just for just FYI if somebody is holding any positions.
Earnings 11-4 AMC/Head & ShouldersPTON created a head and shoulders top a while back but has fought hard to get back above the neckline each time it fell below it.
There will be support at the double bottom and maybe the support will save this one again.
If I were to go short, I would place my stop above the neckline.
The neckline is support until broken with a confirmed downtrend. The pattern is not valid until a break of the neckline is made with conviction.
PTON PTON PTONIt broke off it's resistance of around 88.72 (red line) and became it's new support! Bounced off nicely and it can move.
Next resistance 92.86, 97.11, 106.26, and 117.56. Watch carefully!
PTON AnalysisNASDAQ:PTON has a strong support at $89. Bouncing back up from support & heading towards the previous high $99 as per daily chart. Might reach before Earnings Nov04. FYI - Valid only before Earnings.
PTON: ARE WE GETTING THIS BOUNCE?PTON:
Winter is coming. It's cold outside. Shall we exercise at home?
PTON bounced off a big support at 82. Is the bounce over? I don't know.
Is it too late to buy? For a long term investment, not too late. For a trade, maybe not too late, but I like it only above 88.20-88.50
Targets on the chart.
Trade safe!
Head and shoulder I see a head and shoulder forming with a measured move to the gap fill. Makes sense to me. Plus I generally think this Company is up on hype and hasn't yet come back down to reality.
Key area repectedI dont trade pair but i like to mark it and play around with this pair. We have reached a key area now.
PTON- Broke the consolidation -Follow through Day
PTON - Broke the consolidation and Moving up on follow through
MACD bullish.
Still below 50 MA .
