Fibonacci Support Holds in Peloton $ptonWill be on the lookout for a reversal opportunity in Peloton today, in Fridays session the Fibonacci Golden pocket held perfectly which is a good sign but could very well be retested today, if it holds it suggests buying strength, thus will look to long.
7&12ma's have been regained as support.
Macd and histogram in reversal.
On the other hand is this support fails there is large price range below to support , so short will be in play.
Company profile
Peloton Interactive, Inc. is the interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps. It operates through the following segments: Connected Fitness Products, Subscription, and Other. The Connected Fitness Products segment engages in the sale of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. The Subscription segment engages in the connected fitness subscription and digital subscription. The Other segment consists of peloton branded apparel. The company was founded by John Foley, Tom Cortese, Yony Feng, Hisao Kushi, Marion Roaman, and Graham Stanton in 2012 and is headquartered in New York, NY.