Who Needs a Personal Trainer at the Gym when Peloton Provides an
Updated
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:: Peloton has been on my radar for a while. With CV-19, people cannot go to the gym. Even if the lock-down is over, the gym is not the first 'safe' place you would consider visiting. Seriously, I would go to a cinema first before I would re-enter the gym... for all kinds of reasons. Further, when you can bring your personal trainer to your home with high definition interactive video feed... even if CV-19 was never a thing, the concept of going to the gym was already at risk!
What I see...
+ Prices broke above the neckline of a head-and-shoulder pattern
+ Since earnings from early May, a gap up followed by side way move with descending volume until prices pulled back to the 10ma and RSI exited the overbought zone
+ MACD is bullish
+ Prices respected all Fib lines along the way
- Bollinger Band is wide
- All-time high of 48 as Resistance
What I setup...
+ Long entry above today's high
- Stop under Thur's low
+ Target at 1.618 Fib
:: Duration - 2 to 3 weeks
:: Peloton has been on my radar for a while. With CV-19, people cannot go to the gym. Even if the lock-down is over, the gym is not the first 'safe' place you would consider visiting. Seriously, I would go to a cinema first before I would re-enter the gym... for all kinds of reasons. Further, when you can bring your personal trainer to your home with high definition interactive video feed... even if CV-19 was never a thing, the concept of going to the gym was already at risk!
What I see...
+ Prices broke above the neckline of a head-and-shoulder pattern
+ Since earnings from early May, a gap up followed by side way move with descending volume until prices pulled back to the 10ma and RSI exited the overbought zone
+ MACD is bullish
+ Prices respected all Fib lines along the way
- Bollinger Band is wide
- All-time high of 48 as Resistance
What I setup...
+ Long entry above today's high
- Stop under Thur's low
+ Target at 1.618 Fib
:: Duration - 2 to 3 weeks
Trade active
Setup triggered; Long entryTrade closed: stop reached
Stopped out @ -1.04R
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