PTON trade ideas
PTON Inverse H&SNASDAQ:PTON has formed an inverse head and shoulder pattern and looks ready to break the neckline.
I like the price action in the last few days in conjunction with the MACD which is just about to cross positive.
PTON Approaching Long ResistancePTON is one of those companies I see being an outperformer in the coming years. Fitness is becoming more and more popular and COVID has caused more people to look into home workout equipment. I'd like to see it over $127.98 and hold. This will be a 2-2 reversal on the quarterly and 2-2 continuation on the monthly. First PT is 152.51 or a reversal on the weekly.
$PTON Looking to close above trendline. Earnings mid September.$PTON Looking for a close above longer term trendline. This will allow us to continue the uptrend in the channel and set us up for a longer term move to the upside. Upcoming earnings expected mid September.
$PTON Inverse Head and Shoulder patternI'm liking the pattern here. Lower lows
If buying I would put a stop below the 50day moving average
This is a "IF" tradeLets see, how we perform in the second half of the trading day.
If we manage to hold and stay above the P-Pivot(118.33), the outlook will be bullish .
Hovewer if we close below the 112 level, then we might head lower once again.
In summary, it looks bullish but the volume is very concerning.
SWING IDEA #18: PTONWatching PTON today. It may go and test the 114 level, there is still a gap to fill so I am bullish. If your thiniking about entering do it under the 114 level.
Not financial advice just my opinion.
$PTON LongPeloton is a fitness company that brings the feeling of community to at-home workouts.
WHY BUY
Peloton continues to command extraordinary growth and tremendous enthusiasm from over 2 million Connected Fitness subscribers.
Controversy over a treadmill recall will fade over time but offers a compelling entry point.
New initiatives point to continued dominance in home fitness as the company works toward its ultimate goal of 100 million members.
Road to the profit
the idea is two target (on blue). The second it's more hard because alway, the price, come to the first target and made a reversal move, so i recommend close the operation in the first target and wait for el pullback. Maybe this time it's a rocket and go direct to the second target, but in my stats this scenario occurs less than 10% and it's a 60% of probability to go until the second target. So i'll close on the first target and wait for the pullback and buy when the price be over the first target with a some patter of continuation because the first target will be a resistance.
Bullish PTONLike PTON for a swing towards the 140s after the past few months resulted in a correction.
PTON Short for a LongPTON going in for Inverse Head and Shoulder reversal.
- Last shoulder to reach around 100$ PT
- Looking to load stock and 120$ call around that area for a break out on 126 PT
- Bullish on long term
Cup and HandleIt is a bit difficult to buy much of anything today )o: or yesterday or the day before. Good day has to be coming soon!
This is not my favorite stock in the market, but lots really like it. They say sometimes trading one of your least favorites can be a good thing. I just have trouble hanging if I do not believe in the stock. I have regretted this notion before though.
Revenue seems to be up every quarter. PE is 726ish )o: So I guess this one is supposed to grow in to that PE ratio? Or someone thinks everyone will own the treadmill by Christmas. Dunno.
Negative volume is high meaning smart money interested. Smart money can leave dumb money left holding the remote control with dead batteries in it as well, so just something I look at, but not the only thing by a long shot.
Short interest is low.
Cup is 44.32 deep.
Small gap at handle low that could serve as strong support.
No recommendation
PTON - Breakout Level-PTON formed a Cup & Handle on the daily and it's getting ready to breakout.
-200SMA tested multiple times, we can assume that this is a valid support
-Open above 124 tomorrow is a bullish sign and could squeeze to 125.50-126.00
-Below 200SMA (around 119) bearish sign and could see a pullback around 117 - 116 area.
NASDAQ:PTON
PTONWe are standing in the ascending channel, a small flag has formed.
Since we broke through the level of 0.5 fibo, we can assume that the correction has ended and the growth will continue... Option
1. Take the current ones, but it is dangerous, because there is a small divergence.
Option 2. Take it when the red line is broken and held.
The growth goal of 140 is minimal, and growth can continue
PTON breaks up thru resistanceChart posted 7-7-2021 approx 9:45ET. Well see the previous post- the call was made.. but we needed a break over 126.00. You can see a significant resistance line (in red) that had to be broken. Also note the embedded harmonic of a shark and crab pattern. Usually these give way to big moves upside. The linked previous chart will give long term target- this chart provides intermediate target.
PTONAll the MAs hooking up underneath and getting compressed with price. Never traded this name but I'll be watching if it gets over the 125/130 area.
