PTON is one of those companies I see being an outperformer in the coming years. Fitness is becoming more and more popular and COVID has caused more people to look into home workout equipment. I'd like to see it over $127.98 and hold. This will be a 2-2 reversal on the quarterly and 2-2 continuation on the monthly. First PT is 152.51 or a reversal on the weekly.
Note
Moving up nicely to resistance. Maybe see a 2-1-2 continuation to push it through $127.98. I'll wait for confirmation of price action before I buy at/slightly above this level.
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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.