PTON broke its long term support last week.
It looks like it bounced right off the .50 fib and is looking to test its old support which would be its new resistance in the short term at the .618 fib.
I don't expect it to break, once clear confirmation on bounce off the resistance at .618, I will be shorting PTON to 76.
It looks like it bounced right off the .50 fib and is looking to test its old support which would be its new resistance in the short term at the .618 fib.
I don't expect it to break, once clear confirmation on bounce off the resistance at .618, I will be shorting PTON to 76.
Trade active
Still so far going as planned, will be shorting PTON next weekTrade active
Wow... took long enough eh
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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.