$PTON - easy short, or low hurdle for PTON bulls?
PTON While the cloud, 100 SMA, and .618 fib level point to $29.50 as key resistance, the confluence of 50 SMA, 0.5 Fib, and Tenkan at $26.20 - $27 range may see 100 SMA flip support and price attempt continuation of uptrend (purple trend line). Realistically looking to enter short with tight stop at any touch of lime green downtrend line ($31-$33 area)
Please share your thoughts - opposing viewpoints preferred.
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