Buying Peloton at trend of higher lows.Peloton - 30d expiry - We look to Buy at 8.61 (stop at 7.97)
The trend of higher lows is located at 8.60.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our profit targets will be 10.14 and 10.54
Resistance: 10.00 / 11.00 / 12.00
Support: 9.09 / 8.40 / 7.68
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