PTON 4HR Chart With many overvalued growth stocks, PTON is one due for a nice correction. Nice H&S setup with the right shoulder currently forming and getting near that 50 day ema. Under 115.37 looking at a short opportunity to 108.50-110 level, if price fails to hold that level we can see an overall move to 98.17. Over 125 will invalidate this and give a bullish scenario... possible long to 133 as 1st PT.
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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.