PTON - Mean Reversion, Trend Join, Price Action - 10.11.20PTON - Mean Reversion, Trend Join, Price Action - 10.11.20
PTON trade ideas
$PTON - End of Parabolic Curve? Sell Point at $119?$PTON performed parabolic trading pattern which hit $119 & kudos to who ride this curve.
Now $120 needs to be breached to go any higher otherwise it out of the gas and Sell-off has been triggered.
Good Luck.
PTON, Almost ready for a pull backParabolic it has gone, it can't go up forever, what comes up must come down. The chart looks like BTC did when it touched 20k, I'm not saying its gonna go down 70%, but a 10-15% pull back is a reasonable expectation. I liked the down move yesterday but it was bought right back up today. It won't last forever, and as the Stoch RSI begins to top out, it could roll over as soon as next week. See how it does at the $120 level, I like the $100 level as support for a healthy pull back/ profit taking and the $90 level if the overall market takes a dip in the coming weeks.
Market Genius Upgrades Peloton IPO to Strong Buy $22Massive investment $22 while Americans were bearish selling short the best stocks to invest in going into 2020
$PTON - Parabolic Curve Top $130-$150? But Couple of checkpointsI recounted the parabolic curve of $PTON where the Base 4 is ended at $103 as shown in the chart.
However a spike from Base 4 is not mandatory in parabolic curve pattern but indicators and pattern are strong enough for the last spike.
But there are couple of checkpoints for the stock to reach $130-$150 :
1) Stimulus Package
2) Trump's health
If these two marked with Green Tick then $PTON stock can hit between $130-$150 in this couple of weeks.
Trade with caution, stop-loss & Risk Management.
Good Luck.
$PTON - Bullish Pennant target $115-$118.5PTON almost breaking out of Bullish Pennant where it can hit between $115-$118.5.
If it fails, it has strong support at $110, $108.5, $106 & 104.
I hold $112 & $120 calls for this week.
Good Luck.
$PTON Bull case - $112.9 & Bear Case - $104.3$PTON is in its last leg of Parabolic curve. If cup & handle performs then it can hit $112.9 and if fails it has strong support at $104.3
If $104.3 is breached then it confirms end of parabolic curve.
I hold couple of calls for next week.
Good Luck.
"PTON Long" Bullish will this see $120 by DecemberPTON nice overall bullish chart, I like the buying that came on 9/29/2020 once it popped the top at 98.61. On 9/30/2020 we retested that level and held to confirm that breakout. 10/1/2020 nice buying came in to take out recent highs and now I will be looking to see if this can reclaim that 108.10 level and form some nice consolidation to take out that $111.44 - $112.37 area of resistance. At which point a nice range will be formed, which is $112.37 - $120.22 range. The key area I will be watching for this idea to play out will be $108.10 to see if it can make that next leg higher into December. I will keep a close eye on that top channel and 110.25 recent high to see how price action reacts to it as well.
$PTON - Is this end of Parabolic Curve? Sell Point at $110.25? $PTON performed parabolic trading pattern which hit $110.25 & kudos to who ride this curve.
Now $110.25 needs to be breached to go any higher otherwise it out of the gas and Sell-off has been triggered.
Good Luck.
Adding to #PTON call options 7/17 hereAdded to my OTM PTON $60 7/17 here, based on strong support in this area... can see that with the visible range indicator. Seeing a falling wedge on RSI hourly, those are reversal patterns... again with OTM plays, not betting that PTON gets to $60, but that general movement will be upwards.
PTON Break Out In progressTrade Ideas
- buy the stock target 110 with SL below SMA20 daily
- buy Call 95 OCT16
PTON 021020 Intraday trade ideaWith the market´s sell off thanks to this kind of news, we were looking stocks with high level of confidence to get bullish opportunities, for that reason we took PTON, we see 102,02 as a support to take longs until 104,55
$PTON consolidating - will go up soonPTON is bullish will go $110 by October mid as the overall trend is bullish both in daily charts and hourly.
PTON:NASDAQ - PELOTON INTERACTIVE - 300% run since March lowsPeloton is another business benefiting from the stay-at-home economy with people increasingly looking for home-gym exercise type solutions. RSI looking good, but getting close to earnings which are probably likely to be up - but are they up as much as shareholders expect. Watch up for a pullback to retest that resistance area, but a stock worth keeping an eye on the longer the stay home environment runs.
$PTON Peloton reversal trade
PTON has acted very strong amongst the market turmoil and the increase in COVID cases and lockdowns worldwide
underlines the potential ahead for the company.
Today we could see a nice reversal trade opportunity.
Targets as per Gann channel
