PTON
In healthy downtend.
Price in downtrend with 50ema acting as dynamic resistance.
Stochastic is over-bought
Last two times price has pulled back to 50ema and stochastic in over-bought territory, price has made move down. This time it won’t be any different.
Entering trade short
Entry: 27.70
Stop loss: 33.09
Target: 20.38, +26.43%, 1.36 RR ratio
In healthy downtend.
Price in downtrend with 50ema acting as dynamic resistance.
Stochastic is over-bought
Last two times price has pulled back to 50ema and stochastic in over-bought territory, price has made move down. This time it won’t be any different.
Entering trade short
Entry: 27.70
Stop loss: 33.09
Target: 20.38, +26.43%, 1.36 RR ratio
Trade closed: target reached
Target: 20.38, +26.43%, 1.36 RR ratio
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.