Long

$PTON Morning Star Pattern?

Updated

is to new for regular technical analysis so, I'm looking at what appears to be a Morning Star pattern. If this clears the $29.20 area it should have room to run to the old highs... Ideas, not trading advice.

Trade active

I entered this trade today based on the idea published above. Entry $29.44 Stop $27. Target 1 - $33.50, Target 2 - All time high over $37. Let's see how it plays out.

Note

I'm playing this one with Apr 17, 2020 $29 calls.

Trade closed: stop reached

I was shook out of this this morning and by afternoon it had recovered over my stop. But, I can re-enter if it looks like it will continue it's up trend. If so, I'll post as a new idea.

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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