Peloton at support? Peloton
Short Term
We look to Buy at 8.60 (stop at 7.82)
Expect trading to remain mixed and volatile. Previous support located at 8.60. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.02 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.60 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Pton
Peloton / PTON - Pumpy Before DumpyI really haven't paid any attention to this stock, ever, besides knowing that it was up a lot because "COVID MANDATES ARE ' SAVING LIVES '" and "WORKING FROM HOME IS SO GREAT AND WE NEVER KNEW ALL THESE YEARS ," the propaganda outlets said.
And then dumped remarkably on the back of a lot of bad press like that time someone died on one on Sex and the City, and because people went back to their offices like human beings ought to instead of sitting on Zoom and being surveilled by the Chinese Communist Party .
Anyway, I only started taking a look at this today because it dumped 18% on the back of earnings. I have to say the earnings dump and pump schedule across all stocks is like flipping a coin. On some of them, bad earnings = 20% moon. On others, good earnings = 30% doom.
But I've always said that news is just there to front run the regularly scheduled price. It doesn't drive the price. No, really. Machine learning AI knows what's going to happen before the media and the public does.
The market maker is simply timing what is already arranged to happen with the news so that Bloomberg and Zerohedge can write headlines like "Peloton down 900% because VLADIMIR PUTIN BAD" and you lose money buying options accordingly and when the implied volatility is pumped.
Unless it's like, someone drops a nuke or someone suddenly goes Black Swan bankrupt, this is how it really works.
Anyway, Peloton trades way below its 2020 post-ICO lows as it is, and it made a low in July under $10. Its price action has been curious. In my view, it's been trading like it wants to go up after spending the better part of 2.5 months under $10 and flirting with going over $10, and then actually going over $10 during this bear market rally.
The way it took out the June monthly high by a penny before dumping, leaving a lot of unfinished business only visible on the hourly chart slightly above, makes me think that the intention with this stock is to rip out the May double top and break the necks of a lot of short sellers, who somehow didn't close their positions at $8 and $10, and even today at $11, even though they were up like 100%.
But I also believe that after this act of this tragedy is finished, Peloton is headed for an all new low. It has no price history, but $5 sounds like a nice round number.
Because it didn't make a very convincing bottom under $10 to begin with, and because everything is heading for an all new low as the propaganda outlets start telling us "omg recession omg recession omg recession" as SPX dumps impotently, but frighteningly fast to the 3,500s.
After they're done getting everyone to sell low and get short, the Fed will slash rates and print money again, because they're liars compromised by the Chinese Communist Party , and everyone can buy back higher and chase the rip in the other direction to 2023's impending "return to normal" or Bump and Run Reversal bubble blowout patterns.
Of course, Peloton could also just head for new lows from where it is too. Part of me thinks that's rather likely.
But the way it took out the June high by a penny and left unfinished business above is truly suspect for the bears, who seem like they're about to get their necks snapped.
Enovix / ENVX - A Close ShaveI don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators.
Of course, this was yesterday right as it was sitting below making a new high and has since manufactured "resistance" with quite the pullback. It really shows you what following these "services" is worth. They're there to encourage you, somehow, to buy when it's high and sell when it's low, but not the other way around.
Almost like they're some sort of public relations squad masquerading as a technical indicator.
The new high it made happened to be an 8 cent stop sweep on the daily candles.
The problem with indicators and other forms of retail-facing "quant" analysis is they're usually lagging and they usually have you looking where it isn't important, thereby serving as a huge distraction and confusing you.
I also don't care too much about the "fundamentals" of any stock. So long as it hasn't been rug pulled by the market makers because it's on the edge of public bankruptcy, I believe that the truth of all markets is reflected in the price action and reflected in the price action alone.
Right above this pair of August highs is the January 1 high. Since market makers tend to be attracted to the low hanging fruit, like everyone else, it makes more sense that they'd go for it and the $30 big figure before they'd dump beneath the $18 earnings news pump.
I think you get a "close shave" fine scalp going long around $21, so long as you get out over $30, and you have to call it quits under $18.
It is worth noting that at $22, we're still trading at a premium in the local price impulse, so $19.xx might be where it's at.
Although I have mixed feelings about whether it will, and whether I want to see it, break $20 on the way down.
What lies ahead for the overall market is not going to be pretty, but in the interim, several stocks will still have some bull impulses before being entirely drug down by a market that gives one the impression that we're amid the real bubble pop recession crash landing.
If you go for the scalp, keep your risk low and get cash heavy when you get the chance. Today's action on the Indexes is just a prelude of the "chaos" to come.
If you've been getting long at the tops thinking it's time for the New Moon, consider reducing your risk and protect yourself.
Insiders selling their own $PTON-RECAP🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
Technical Analysis: No surprises with PTON, missed on ER, and had a huge (-18%) drop!! Expect the pullback into 11.15-11.45 and a continuation throughout the next few weeks; I will be picking up ATM options that are 3 weeks out to continue to trade the negative momentum on $PTON!
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Insiders selling their own $PTON🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: So many reasons to play it short with $PTON; no one from the company has bought in their own company, at all this year. The last 4 of 5 ER were a loss; regardless of the deal with AMZN, this report (from last quarter) is likely not going to have a great outlook. From a technical analysis view point, our trendsi dashboard we are clearly over extended, and we have divergence with our money momentum indicator. I know ER can be a 50/50, but I'd follow the money and go against this stock, in my humble opinion (not financial advice).
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Garbage stock earningsAMC, W, BYND all remind me of that quarter where PTON went up despite crap earnings. Fake buyout rumor was "the news", but basically just too many people trying to short earnings because they know the company is losing money.
Gonna wait until Wed to short garbage stocks, CPI coming out premarket.
Peloton: Anddddd back downPeloton
Short Term
We look to Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Peloton bottoming?Peloton
Short Term
We look to Buy at 8.83 (stop at 8.07)
Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.28 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PTON:Due for some bullish relief!Peloton
Short Term - We look to Buy at 8.66 (stop at 7.14)
We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 12.95 and 15.00
Resistance: 13.00 / 15.00 / 20.00
Support: 8.50 / 5.00 / 2.00
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Peloton correction coming?Peloton
Short Term - We look to Buy at 11.87 (stop at 11.05)
Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher.
Our profit targets will be 14.31 and 15.49
Resistance: 14.50 / 15.80 / 24.50
Support: 12.00 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Peloton breaking support. More downside ahead? $9-12Peloton has done a full retracement of it's covid run and now it looks like it's about to break it's 2020 lows.
Upon a break of support at $18, it would set up the possibility for new lows in the $12 range, or even $9 if it were to break that support.
Those levels would likely turn out to be a great buying opportunity over the coming months.
Let's see what happens.
Peloton (NASDAQ: $PTON) Touches 0.786 Fib For 2nd Time! 🏃♂️Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
What is Anchoring? a Behavioral Finance phenomenonIf you have an investment that has experienced a decrease in value significantly, and you decided to keep and sell at your entry price, please read this article it may help you to make a better decision.
Before we go to the main educational point, keep in mind those who bought tech stocks at the market peak in 2000-2001, waited 15 years to get even..!
Educational Point:
Anchoring
The concept is part of the field of behavioral finance, which studies how emotions and other extraneous factors influence economic choices.
In the context of investing, one consequence of anchoring is that market participants with an anchoring bias tend to hold investments that have lost value because they have anchored their fair value estimate to the original price rather than to fundamentals. As a result, market participants assume a greater risk by holding the investment in the hope the security will return to its purchase price. Market participants are often aware that their anchor is imperfect and attempt to make adjustments to reflect subsequent information and analysis. However, these adjustments often produce outcomes that reflect the bias of the original anchors.
Examples:
1-DASH:
2-FB:
3-CVNA:
4-CRWD:
5- ZM:
6- COIN:
7-SPOT:
8- NFLX:
9-PTON:
10- RNG:
these are just some examples of stocks that lost more than half of their value in the past few months or weeks..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
Peloton (PTON) - Rising in the time of uncertainty 🤷-Great interest on this stock but is it worth it? Well lets take a look at the company and the situation.
-Peloton’s shares soared almost 21% on Monday, closing slightly above the company’s debut price of $29, as the beaten-down connected fitness company attracts interest from outsiders.
-Thus far, reports have named Amazon and Nike as potential suitors. One analyst thinks Apple is “aggressively involved,” too. But all talks are preliminary, and Peloton has yet to kick off a formal sales process
-For one, CEO John Foley along with other Peloton insiders had a combined voting control of roughly 80% as of Sept. 30, making it practically impossible for any deal to go through without their approval.
Baird analyst Jonathan Komp said in a research note on Monday that Foley likely won’t be willing to sell, unless there is enough internal pressure stemming from Peloton’s recent stock sell-off.
-Financially company is not really doing well as the Q2 2022 results were a total disaster with an EPS of -33% and Earnings -1.51%. This year alone the stock fell 79% from its former price point.
Another big issue financially is that the company is not in profit and won't be for the future 3 years. With the current economical situation where the economy might get unstable after the rate rise, any unprofitable company is at a great risk. Golden rule, positive cash flow is the king!
But we think the biggest issue is that they have less than 1 year of cash runway..
-Revenue vs Market: PTON's revenue (16.9% per year) is forecast to grow faster than the US market (9% per year). This is good!
-High Growth Revenue: PTON's revenue (16.9% per year) is forecast to grow slower than 20% per year. Not so good for a company that is expected to grow faster than the industry and the market average.
Our Target Price:
1st Target: $35
2nd Target: $24
PTON Peloton potential takeover by Amazon ??Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.
Peloton's market value is around $8.1 billion, down from its high last year of $50bn.
Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.
My price target is 37usd.
Looking forward to read your opinion about it.
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!