Short term I think this can see a bounce to the 133/134 area. I would be running a tight stop if it makes it there but this is a covid play. Also lots of competition heating up some with much more recognized names like nordictrack. I see no choice for this to fall back to that 32 area on the correction that will be coming to deflate these very overvalued prices on everything currently. Correction will take it down to 32 and I would then take a long and long term position (months) and work with the chart from there. New highs. Probably but not from here. This stock has little to offer except to day traders.
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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.