PTON on the way to $200Great chat to take a look at today "PTON"
-We can see the ascending trendline and the Support resistance zone as the two key elements to understand this chart
The Ascending trendline represents the asset's long-term bullish trend, and we can see how the price is accelerating and taking distance from it.
-The Support Resistance zone was the previous level in which a huge corrective structure was formed (ABC pattern)
-After the breakout of it and a bullish impulse, we saw a corrective structure (smaller ABC pattern) finding support on the previous zone
-Now we had a breakout of the small structure, and we expect a continuation of the bullish movement towards 184.86 (First target in which we will move our stop loss to break-even) and then to the final target 205.5, where we will close our long setup
-The setup we developed was Entry above "B" and Stop below "C" (of the small corrective structure) / Break-Even and Take profit were explained on the previous items
Pton
PTON Trade Idea11/Jan: nice comeback from 20 MA
relatively lack of volume
Case 1: (Time Frame to 2~3 weeks)
(A)Monday first break even resistance on 162
(B)expecting pull back to 10 MA to complete handle
(C)the CUP HANDLE formed after reclaim ATH Line
(D)(E) Need volume+Catalysis to extend the uptrend
Action item: Call Opps on pull back to 10 MA
Case 2: 3-C forming (1~2weeks)
Consolidate between 162-154 with low volume
breakout with volume
Action item: Open Call with tightest price date
Case 3: Start uptrend from Monday🤷♂️
PTON - Bull Flag (Etoro Portfolio)Price uptrend (since beginning of Nov 2020), cross over MA50 (blue line) and MA20 (orange line).
Two times touch MA50 line till price 167.00 and appeared downtrend with 8 trading days to form a build up.
A price rejection : pin bar on MA20 line, draw a trendline (purple line) from first day of downtrend. RSI and MACD also in uptrend signal.
Next day a strong bullish candle breakout as confirmation and reversal buy point after that.
IBD's RS (Relative Strength) = 98, Industry Group Rank = 24 / 197
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$NLS breakout of the flag, Peloton acquisition tailwindsSympathy move on $PTON acquisition, these guys make exercise equipment and could potentially form partnerships with other players in the space, who knows.
PTON, Breakout Setup for PT 169Setup shows U shape recovery and stock trying to break out. A huge volume indicates the crowd is anticipating a breakout here. Then room to go around 169 as per measure move. Wait for breakout, retests and holds support to confirm. The only concern is on RSI is enter into the overbought area.
Buy Area: 139
PT: 169
SL: 129.37
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
YOUR MASTER IS BACK!!!!!!!!!!BABY LISTEN BUY PELOTON HAND OVER FIST THIS IS GOING TO 150. JUST LOOK AT THE FUCKING CHART EVERY MONKEY WITH HALF A BRAIN CAN SEE THIS. IM NOT GOING TO GET INTO FURTHER DETAIL BECAUSE ITS FUCKING OBVIOUS THIS GOING TO 150 BY JANUARY. VALUATION? PFFT WHAT IS THAT?
DEGENERATE? BUY THE 140 WEEKLY CALLS
SNOWFLAKE? BUY 3/19/21 150 CALLS
DONT LISTEN TO NO ONE BUT ME! NOT EVEN YOUR SIGNIFICANT OTHER!
ANY ONE TELLING YOU OTHER WISE IS A COMPLETE BOZO.
$PTON - Long Above 117 It should be noted that ARKK purchased 135,000 PTON today. Looking at the chart, it looks primed for a small breakout upside. With more lockdowns being enacted we could see the 122 area, which is historical support/resistance. I plan on taking calls or buying shares above 117, selling just shy of 122.
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
PTON is a buy @ the $92-$94 rangeUncertainties regarding the future impact of COVID have not faded despite positive vaccine news. More Americans are exercising from home and buying Peloton products. Peloton is still a solid buy, especially as we head towards the holiday season. It's a buy but with consideration of technical factors. There's strong support around the $92-$94 area. This area gives bullish traders value.
Stocks to Watch 11/29/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. I am cautious with new buys until the sentiment cools off a little. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Short-Term Support Zones for PTON as the Holiday ApproachesPTON looks to be deciding between these two channels in the short-term. The yellow box represents the current support zone that price is now testing. If this yellow zone doesn't hold support, the blue box (~$100) will be an important secondary zone of support, and could be an attractive zone for entering a long position. The green line in the chart represents a .612 retracement over the previous quarter's growth, and serves as an additional support zone in the near-term.
As the holiday season approaches and the coronavirus lingers on, PTON looks primed for some further growth this year. The biggest dilemma currently is that the company is struggling to meet demand for their current backlog, and is racing to build fresh manufacturing facilities to solve this problem. But the company may be well-positioned for substantial long-term growth as well.
Some analysts are pointing out that PTON has an advantageous position in the market, in comparison to other COVID winners such as Zoom, because their business model has promising room for growth even after a vaccine is distributed. PTON will most likely have high customer retention, simply because customers are "locked in" to the subscription service due to the high initial-cost of Peloton's equipment.
PTON 11/23/20PTON had a nice rebound and broke the previous resistance of $103.20. This is now the new support and the new resistance is $115.89. It is approaching the 20 day MA and heading to the positive bias. There seems to be a lot of buying than selling today and could be the Black Friday anticipation and stellar earnings report. Watch for volume as this stock accumulates nicely.