PTON Double BottomWatch out of yesterday's low near 104.70's. Breaking and holding below and we'll find 103.70's/101-100/98
Pton
PTON - The Next big Short?$PTON 4HR Chart
With many overvalued growth stocks, PTON is one due for a nice correction. Nice H&S setup with the right shoulder currently forming and getting near that 50 day ema. Under 115.37 looking at a short opportunity to 108.50-110 level, if price fails to hold that level we can see an overall move to 98.17. Over 125 will invalidate this and give a bullish scenario... possible long to 133 as 1st PT.
Bullish on PTON (This is not financial advice)
Hey everyone this is a great swing, long term, or day trade play on Peloton. Overall I am very bullish on the stock and really like the company and have played it many of times before. For this play I am currently charting it for more of a swing or long term play because I am looking at the fundamentals of this company to look at adding it to my long term portfolio.
I like this play because we have seen good rally over the past few days after a strong dip down from its ATH from the pandemic. We are currently in a head and shoulders and I have highlighted my current buy zones. We see a good buy on the MACD that looks similar to what it looked like before the previous jump. I also set up some short term price targets and resistance for swings. For day trades I mean the whole market is rallying right now is bound for a small correction soon and a very sizeable one in the near future. I do see PTON continuing this rally for a little bit long though so I can see some day trade plays working. Back to the long term the EMA's are just about to cross back under allowing for some new supports and more confidence for the bulls. People are worried that because this was a COVID play we will see a dip as vaccines roll out but I can see gyms buying this equipment and some of Pelotons new features like there watch will be awesome for the company. We see the price average on the volume portfolio moving up which allows for me to be even more bullish.
If you agree or disagree be sure to leave a comment as well as follow if you like my ideas.
Thank you!
- Vlaire
PTON Long Trade setup !!Date- 4/4/2021
CMP 112.09 USD
Trade idea-
Entry point 112USD
Stop-Loss 100USD
Trade target 150USD
PTON to $70Do your own research. An idea is PTON breaking down from another bearish ascending triangle/retest, could be headed to $70.
PelotonSome price movement option.
H&S and price with the time will fall down?
Or bullish trend with new price level?
$PTON Big Doji candlestick suggests Bounce to 130-132 Over sold indicators supporting Friday Big Doji candlestick around 105 . Above 98 Short-term suggests bounce to 130-32 then consolidation or other pullback lower than 93. Battle ground around 123
Resistances: 115.2 - 123.4 - 130-132
Supports: 98 - 93 - 85 Stops for longs.
Buy Zone and Target for Peloton $PTONMy Buy Zone and Target for Peloton $PTON
(Not financial advice)
BEAR MARKET IS HERE! DO NOT OPEN LONG POSITIONS! These are the tickers which have closed below their 200 EMA today.( definitely entered Bearish trend)
Please pay attention to increased volume during down trend and the very same day these tickers closed below an important level.
Interestingly , Amazon with its sold fundamental and 3rd biggest market cap is among these companies.
PTON 3day oversold target for longThere are a hand full of prior high flyer names I will be charting, that look like 3day oversold conditions are solid targets for scaling into long positions.
Indicator to calculate relative price level for == 30rsi , is RSI LEVELS
Thanks.
PTON trend bounce?Looks like PTON is primed and ready for a solid trend line bounce, we bounced off oversold levels on the RSI, showed now weakness in the A/D, and we are also sitting a sold Fib levels which i lay out in the video. Overall i think this is a great dip to buy here for PTON NASDAQ:PTON
$PTON Long bullish divergence is clear but tech is still selling off/correcting so not sure how this will play out next week, but safe entry when 9EMA crosses over the 21EMA (green over red).
My ideas only, not trading advice.
PTON new weekly count just a quick new count on $PTON weekly chart with a pitchfork overlain on it.
Its lookin like a nested 1-2-1-2 if it holds the golden zone bounce. If this count is accurate, we could see 250+ by end of June.
NLS short term price targetIf NLS can confirm the demand used to move into the current resistance as support, it could break the current supply level and remain in the upper channel until earnings.
Weekly Outlook! 2/15 - 2/19Here we go over our last video to see how out setups ended up and we go over what setups we like for this coming week! Happy trading!
PTON Long Idea (weekly)PTON long idea, waiting for a pullback to weekly demand, will look for a 4h momentum shift to the upside
PTON Play Buy around 137NASDAQ:PTON play if touch and holds 137 support.
Buy price 137.56,
Potential Target: 169
Stop loss: 125.13
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
