Pelaton - Long Opportunity - What about Recall & Earnings!?
Pelaton Opportunity..
They did have a recent recall on their treadmills which caused more dump in price, it was already dumping to begin with.
Earnings now.
Currently trading at under half the price from all time high - time to keep greed in check.
Head & Shoulder pattern played out, dump ongoing..
With the 200MA forming right at the .618, which we're currently at I wouldn't mind laddering some buys down for a potential swing in the near future. Decent risk to reward considering the amount of price history above current level.
Good luck!
They did have a recent recall on their treadmills which caused more dump in price, it was already dumping to begin with.
Earnings now.
Currently trading at under half the price from all time high - time to keep greed in check.
Head & Shoulder pattern played out, dump ongoing..
With the 200MA forming right at the .618, which we're currently at I wouldn't mind laddering some buys down for a potential swing in the near future. Decent risk to reward considering the amount of price history above current level.
Good luck!
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