PTON is looking very strong upside after it has broken out of the major downtrend line which started in Feb 2021 and the recent rebound was seen rebounding off strongly above 61.8% Fibonacci retracement level. NeXT, the stock is building up very aggressive uptrend channel with recent bullish morning star in the midst. Inverted head and shoulder is close to completion and prices have trend above all ichimoku indicators. Long-term MACD is back to the neutral phase. Mid-term stochastic rose steadily, indicating healthy mid-term upside momentum and short-term 23-period ROC has rebounded above the zero line.
Volume remain healthy and Directional Movement index is showing early signs of bullish strength.
Target remain is at 13.20.
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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.