PTON trade ideas
PTON over 116.92This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and 141.11 on the weekly. These are not necessarily targets, but show one standard deviation of movement from the 20EMA S/L 115.08.
PTON still in playIncase you missed the update that I added to one of my previous posts on PTON here is the chart again. I am already long but an entry above 117.75 still looks good.
PTON PennantCan't seem to be able to decide whether it wants to go up for a gap fill or down to retest support.
Might be worth a play when it decides. Note that PTON doesn't really trade with the market, so it could go either way.
Peloton Bullish Gap FillPeloton is looking to fill it's gap from earnings, as investors are aggressively buying the dip.
PTON on watchJust broke above resistance. Would prefer an entry on a slight pull back to the bottom of the box. Could also enter on break of the top of the box. Risk would be close back below box. Targets are the dotted lines.
PTON is a buy @ the $92-$94 rangeUncertainties regarding the future impact of COVID have not faded despite positive vaccine news. More Americans are exercising from home and buying Peloton products. Peloton is still a solid buy, especially as we head towards the holiday season. It's a buy but with consideration of technical factors. There's strong support around the $92-$94 area. This area gives bullish traders value.
Was Hoping this is Finally Bullish But...Possibly forming a rising wedge pattern, short at around 120~122 (where reliable thick black line is) if it can't break. Currently in short term calls from 112 to around 117 for some swing trades.
This also was a long-awaited breakout a couple days ago so might just be due for a retest before breaking back up again.
PTON Gap FillPTON is curling up with the moving averages at its support. It is looking like it going to continue its upward trend to fill the gap in its chart to the 122 level. I crack below the moving average support would trigger a sell
$PTON short term targets$PTON 4h Chart
$PTON approaching next targets. To see higher it is critical we maintain 116
Target above is 117.80, but the main target I would love to see hit and reverse at is that juicy level of 121.50
Target zone will act as a strong resistance
Finishing lower degree wave 5, in intermediate degree wave 3
$PTON - RSI Diverging From Trend$PTON seems ready to break out. RSI divergence. Breaking out of pitchfork. Unfortunately can't get in to this one right now.
PTON Long Setup
We've seen some of the COVID beneficiary stocks pan out quite well lately. Here is another that may have found bottom. MACD nicely improving.
Watch for it to work through $110 - $114.
First target is the $122 gap fill.
