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Peloton Interactive, Inc.

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PTON trade ideas

Is PTON really bearish short term?Some people is ignoring the divergence on MACD on daily chart. And we all know PTON is retesting the neckline and some people is thinking it will drop again after that. However, if you spend some time and thinking about the price actions, you might find something different. 1. The volume. Volume is increasing obviously. And checking 15 mins chart, PTON price is already above the BAR which had the highest Volume in Day May 05. 2. Price Bar. Close Price does not drop below the low point of Bar in May 05 and try to break the upper line instead. 3. Did not drop when NASDAQ drops in past few days What does this mean? 1. some big players are taking shares whoever sells it. 2. shorter covers their sales? Maybe. 3. people who short PTON on May 05 is bearing a loss. Short squeeze! If PTON price goes above the neckline, then it's a fake fall which is bullish from mid-long term. My personal bias for PTON is bullish. However, only market can tell truth, so if price goes below 80, PTON is very bearish This will be confirmed in following days
NASDAQ:PTONLong
by JPChen_TV
Peloton shares forecast for 2021Peloton is the largest interactive fitness platform in the world. The company generates revenue by selling innovative exercise equipment and subscribing to various classes and workouts. Sales have surged over the past three quarters, with fitness enthusiasts unable to attend gyms and forced to work out at home. Over the past year, Peloton has taken several steps to solidify its status as a fitness industry leader. Several new products were introduced, including treadmills and cheaper models of exercise bikes. The company has signed a deal with artist Beyonce to create exclusive music for its platform. It also acquired the commercial company Precor, which is also engaged in the production of exercise equipment. And more recently, Peloton management announced that the company will start selling its products in Australia, and an active partnership with Adidas begins. From a technical point of view, the price of Peloton shares in 2020 has increased significantly from the level of 17 to 170 dollars per share. However, now the quotes are being corrected and fell below the $100 level. In November last year, the price also fell below $95, but quite quickly the stock continued to rise. The current decline also looks like a good signal to enter the market. The nearest target for a rebound from an important support is the $140 level. And after the breakout of the $170 level by buyers, you can send the price above the $245 level. An aggressive deal is a purchase already at the current levels with a close stop below $90. If we consider the conservative option, then we should wait for the breakdown of the $120 level, this will indicate the completion of the formation of the "Double Bottom" reversal model in order to work out the pattern at the $143 level.
NASDAQ:PTONLong
by IndexaCo
Pelaton - Long Opportunity - What about Recall & Earnings!?Pelaton Opportunity.. They did have a recent recall on their treadmills which caused more dump in price, it was already dumping to begin with. Earnings now. Currently trading at under half the price from all time high - time to keep greed in check. Head & Shoulder pattern played out, dump ongoing.. With the 200MA forming right at the .618, which we're currently at I wouldn't mind laddering some buys down for a potential swing in the near future. Decent risk to reward considering the amount of price history above current level. Good luck!
NASDAQ:PTONLong
by thiluxan_s
PTON setup for a potential 40% dropHead and shoulders playing out with the right shoulder half formed . Wait for a break of the neckline and a candle close outside of the neckline /*Resistance before shorting alternatively you can also wait for the back test of the Neckline and upon rejection open Short . SL placement above the last swing high . Point of control is a match for the move to the downside as a further confluence. 200EMA will also create a slow down in the move to the downside Set a price alert around the $100 region and await the reaction at the Neckline . Always use a SL and know your Invalidation Like and Follow for regular setups Much appreciation
NASDAQ:PTONShort
by SJTRADESFUTURES
4
Path Prediction for PTON before/after Earnings CallI think the market overreacted a little to the news of PTON recalling treadmills and believe that PTON will rise up to the neckline of the Head and Shoulders pattern (refer to my last two posts) before crashing down. The stock is oversold on the 1H chart, along with the 1D chart and will be rising back into the BB channel in a few hours, most likely. I believe PTON will beat earnings estimates tomorrow, giving it the short boost that will propel it back to the neckline. Upon resistance rejection, the share price will drop and the short opportunity will hopefully present itself. I will keep this and my last post updated with my current position on the stock. Happy trading, everyone!
NASDAQ:PTONShort
by Sri2Trill