PTON is retracing the big 10x move from 2020, and 50% pullback has already been reached.Nevertheless, I don´t see a trade unless both the black trendline AND mid 90s resistance are broken.
From my point of view, a test of 61,8% retracement (@ 76.58) would give us even more value to be captured.
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Disclaimer
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.