PTON trade ideas
Drop to 140??i was bored so lets just see what happens... tehe
head and shoulders on 1 hr chart
double top on daily... major level of resistance at 140 level, that might become support.
PTON Bounce off ChannelRetested bottom of channel twice, bounced perfectly
RSI low on all time frames
TTM zeroing out indicating a squeeze is imminent
Entry - the bounce off 147
PT1 - 1.272 Fib at 171.56
PT2 - 1.618 fib at 178
LT PT - 2.618 fib, 200
Also be advised that earnings is on the 4th, which is next Thursday, tread carefully and good luck
Channel tradeBeautiful uptrend and as long as the "upgrades and outperforms" keep coming I don't see any stopping this. My entry would be 161$ (goldline) or whenever it can get over the channel divider.. Will hold up until earnings Feb 11th
PTON approaching 20SMALooking for rejection at 20SMA to continue bearish downward trend before retesting low 140s.
$PTONEntry price : 143.80
Fundamentals :
- Sector: Leisure - Services
- EPS % Chg (Last Qtr): 239%
- EPS % Chg (Previous Qtr): 287%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 232%
- Sales % Chg (Previous Qtr): 171.75%
- 3-Year Sales Growth Rate: 109%
- Annual Pre -Tax Margin: -3.7%
Peloton Interactive: bearish in the short term
Detected bearish divergence with RSI in daily and weekly charts. It's not the best point of entry in the stock. Wait until RSI turns oversold and begins to turn again up.
PTON ShortRSI divergence
Might form double top
Short 160
stop 175
Target1 140
Target2 120
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$PTON nice run this past couple daysNice run after my post about the possibility. Now printed shooting start with todays candle. Can potentially trade down to 8 & 20 MA first
PTON on the way to $200Great chat to take a look at today "PTON"
-We can see the ascending trendline and the Support resistance zone as the two key elements to understand this chart
The Ascending trendline represents the asset's long-term bullish trend, and we can see how the price is accelerating and taking distance from it.
-The Support Resistance zone was the previous level in which a huge corrective structure was formed (ABC pattern)
-After the breakout of it and a bullish impulse, we saw a corrective structure (smaller ABC pattern) finding support on the previous zone
-Now we had a breakout of the small structure, and we expect a continuation of the bullish movement towards 184.86 (First target in which we will move our stop loss to break-even) and then to the final target 205.5, where we will close our long setup
-The setup we developed was Entry above "B" and Stop below "C" (of the small corrective structure) / Break-Even and Take profit were explained on the previous items
$PTON held 20 MA today and trying to close 8 MABeen doing touch and go at 20 MA for the past few days and this seems ready to for another push into earnings. 158 would likely act as some resistance
Sunday Outlook 1/11-1/15 $MCD $V $MA $W $VMW $HD $PTONHere i take a look at some stocks I am watching for the coming week, i breakdown the current patterns i'm seeing on them and how i would play them moving forward.
PTON Trade Idea11/Jan: nice comeback from 20 MA
relatively lack of volume
Case 1: (Time Frame to 2~3 weeks)
(A)Monday first break even resistance on 162
(B)expecting pull back to 10 MA to complete handle
(C)the CUP HANDLE formed after reclaim ATH Line
(D)(E) Need volume+Catalysis to extend the uptrend
Action item: Call Opps on pull back to 10 MA
Case 2: 3-C forming (1~2weeks)
Consolidate between 162-154 with low volume
breakout with volume
Action item: Open Call with tightest price date
Case 3: Start uptrend from Monday🤷♂️
PTON - Bull Flag (Etoro Portfolio)Price uptrend (since beginning of Nov 2020), cross over MA50 (blue line) and MA20 (orange line).
Two times touch MA50 line till price 167.00 and appeared downtrend with 8 trading days to form a build up.
A price rejection : pin bar on MA20 line, draw a trendline (purple line) from first day of downtrend. RSI and MACD also in uptrend signal.
Next day a strong bullish candle breakout as confirmation and reversal buy point after that.
IBD's RS (Relative Strength) = 98, Industry Group Rank = 24 / 197
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PTON Round UpPTON is forming a rounding up formation and it looking like it will reach recent highs at the 164 range. Also it formed a hammer doji at the bottom of the formation which is a bullish sign.
$PTON long after small pullback!Sold the 150c 1/21 bought yesterday for 120%. Sold puts to finance, double free!
So, what next? Idea is we retest the green support, before flying to ATH and beyond.
Beautiful cup and handle setup.
$PTON Peloton Wedge Break
Hopefully the chart tell you all you need,
We are trading the wedge break very successfully , looks like it has room to run.
