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Pton

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
NASDAQ:PTONLong
by vlaire
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