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Peloton Interactive, Inc.Peloton Interactive, Inc.Peloton Interactive, Inc.

Peloton Interactive, Inc.

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PTON trade ideas

PTON - More upsidePTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming. Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to hop on board early today, it could be trickly to rush in now unless price could retrace a little over the next few days. I wwould put intial stop loss below neckline @ 111. Be mindful of earnings release expected on 12 May. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:PTONLong
by Juliac
Double BottomUgly top and appears to have found a bottom, twice. so far. PTON appears to haveas well as forming an ugly top. It has pulled back beyond the 0.5 fib level and looks like a double bottom. Most Parabolic arcs pull back to the .5 to .618 fib level. Some fall more and some fall less. A security can be volatile after a parabolic arc so always be safe. Every security is different, but it would be unusual for a security to fly back to the top after forming an arc. But life is a gamble I suppose. It does look like support is forming at the 2nd bottom of 94.00 The first bottom is at 92.03. Double bottoms need to be close in price but not exactly the same price, and rarely are they the same. Double bottoms are very common and describe a change in trend and a momentum reversal from prior leading price action. It describes the drop of a security, a rebound, another drop to the same or similar level as the original drop. If the bottom holds, it becomes obvious that many are making a stand at that level. This pattern can instill more confidence in the bulls when they see the second bottom serve as support once again. The buyers become aware that the pattern exists and that confidence can help the bulls win the neverending battle against the bears. Not a recommendation. Stop losses can limit risk. On occasion, Mr market goes stop hunting it seems and takes the stock away from you only to see it fly up after you were stopped out by a penny )o: I guess we should always have an exit plan, a target we would like to reach as well as a limit to how much we can risk losing if a trade goes bad, and it happens to everyone. Some keep this level in their head verse setting an actual stop loss. I am by no means suggesting to place stops in your head because your head may not be in front of the screen if price tanks (o:. Buying close to support can help I think, as well as buying a security you have faith in.
NASDAQ:PTON
by lauralea
4
PTON, LAST CHANCE!Hello fellow traders and investors, here's another trade idea. PTON has recently pulled back to the support area, if PTON makes a full recovery it offers around a 45% ROI. Technicals: The Macd indicates that it's oversold and now in an uptrend The EMA's are in a downtrend The RSI is oversold When To Buy: When EMA's crossover. When To Sell: I recommend selling at its previous high offering around a 45% ROI. Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 226 which definitely isn't great however there is a good reason for that and it's because of their growth in sales of 128% Q/Q, an earnings per share growth of 192% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and unfortunately they still have an ROI of -5%. Rating: 70/100 the technicals are good but I don't like when the companies valuation is based on their future potential results however they do have amazing growth and a good business model so they deserve 70/100. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:PTONLong
by UnknownUnicorn11084119
1