PELOTON PTON A SHITTY COMPANY BUT A COVID PLAY NONETHELESS
IF IT BOUNCES OVER THE TREND SUPPORT, WILL REACH TARGET IN A WEEK, INCOMING MOMENTUM REVERSAL NEXT WEEK.
STOP LOSS IF IT BREAKS SUPPORT
$PTON
1PTON trade ideas
$PTON Peloton Reversal Trade
New channel formed which has been respected for
1 month, next potential move is to the upper trendline.
$64 is good support and a decent stop loss level.
MA's are now resistance so advances higher may be slow.
As earnings approach in 2 weeks we could see a run up into the report
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$PTON Riding the channelThe market was not conducive to many trades today. But, I'm looking for $PTON to move back up into this channel. I'll have an entry trigger above today's high at $67.80.
I entered this yesterday 8/13 @ $66.34 but it weakened today so I closed it at $64.83 for a small loss. Looking for a re-entry. Ideas not investing / trading advice.
$PTON is a gold mine going into earnings9/10 earnings, buying calls around September 1-3 or so (play run up and hold some through)
$PTON Potential Channel Break Targets for Peloton
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PTON Stifel analyst Scott Devitt raised the firm's price target on Peloton to $72 from $62 and keeps a Buy rating on the shares. Devitt's observations across the home fitness category suggest consumer interest in building out quality home gym setups, including Pelotons, remains elevated, adding that Peloton order-to-delivery windows remain wide across major metros, indicating Bike demand has sustained well into the summer. The analyst expects orders to continue to outperform expectations over the next several quarters.
PTON BullishLooking for a clean break above 66.85 to retest the 72's. Strong bullish channel on the Daily.
PTON: On watch tomorrowPeleton has been on a healthy uptrend since May of 2020 and looks like it is going to test the lower channel of the trend. Expecting a bounce here at 64 level based on current accumulation but based on fundamentals, there could be a break of a trend as well.
$PTON Peloton Breakout - Follow Through Move$PTON Record close today after rebound from July pull-back to 50d line.
Expecting a follow through move later this week into next week.
Target: $80-$84 range possible by mid-August
$PTON Peloton Breakout Trade to $77.00
Possible long entry above $70.00
Upside Fibonacci target $77.00
Is Peloton a fad? Who cares. Make moneyI know some people not touching PTON stock because they think it's a fad.
Lucky for us technicians, it's irrelevant.
We know our risk. We know our target. We know how to manage the position. All without having an opinion.
I prefer staying away from fundamental hot debates, but to me this is obviously not just a bike company. They've built a brand that everyone talks about... That every influencer on Social posts about. Everyone I know knows about them... and I know about this little pandemic that's making it really hard for me to go to the gym.
So I don't know if the company will have this brand power 5 or 10 years from now, but I know the price of the stock is in a clearly defined and tradable range.
PTON Elliot waveThis is my first time publishing my Elliot wave analysis so don't take positions based off of it. Elliot wave observers of trading view correct me if i am wrong!
ridethepig | A retrace in play for home fitness📌 Peloton
One of the aspects of consumer behaviour that has changed the most over the past few months has been the approach to fitness and home-enablers. As we introduced a deep and accurate buy approach it helped that Fed and other CB's helped to raise the bar even higher with their ambitious and methodical (right...) approaches.
So, as with many other improvements, the $2,000 coat hanger consists of a monthly subscription service which members can go through daily. However we would need to see consumers continue to cough up $2,000 for an exercise bike when the economy is tanking. We are certainly not ready for mass adoption and growth until the economy heals. Armed with a pair of trainers and one can produce the same outcome although I refuse to demonstrate illustratively ... maybe one day on Tradingview streams!
In any case, the format of the flow is quite simple. Throughout the impulsive leg it was a matter of letting bulls over-extend before finding a comprehensive fade.
As usual thanks for keeping the feedback coming 👍 or 👎
PTON has come down to support!Hello again! I'm thinking PTON has taken a good hit, but that the trend is still functional! I'm long from 58.25 with a target of 62.95. Earnings are Aug 3, so it's a little close, but still acceptable (to me anyway)
$PTON Peloton back on the reversal list
Will be looking for reversal trade on PTON this week.
Hit previous horizontal support and my rising Channel
trend-line on Friday.
RSI has worked of previous overbought conditions.
Main concern is the loss of Moving averages as support.
Next major MA is the 50ma in the $50 region.
Stock thrives on bad COVID news so lets see how it reacts to
the Lancet Report on Monday
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
A good time for going long for a scalper.The price will drop to the bottom line of the channel and will rise again, today and the day after is the best time to buy
ChannelAs already mentioned $PTON is bouncing into the channel. Is getting closer to the lower side.
No signs of inversion so far.
