$PTON Bull case - $112.9 & Bear Case - $104.3
Updated
PTON is in its last leg of Parabolic curve. If cup & handle performs then it can hit $112.9 and if fails it has strong support at $104.3If $104.3 is breached then it confirms end of parabolic curve.
I hold couple of calls for next week.
Good Luck.
Comment
Out of all stocks, PTON looks stronger where it still have chance for couple of weeks to go upside but have to break $113 first. In bull scenario, it can go upto $130+ as part of parabolic curve TOP!Comment
Tmrw If $112.9 crosses then $112.9 becomes strong support. Good Luck Folks.
Trade closed: stop reached
Break has failed and could print bearish candle on daily timeframe.Trade closed: target reached
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