PTON trade ideas
PTON LongDemand Zone Below Support line
RSI Divergence
MACD Divergence
Today 4:30 PM ET, Earning
Entry 83
Stop 76
Target 100
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan should be less than 1% of an account.
PTON could be headed to $35Exercise fads never last. PTON is no exception. With the world re-opening, people want to go outside again and exercise outside (just my opinion).
Looks like a massive head and shoulders topping pattern, with potential targets of $70, $50, and $35.
Do your own research, this is not investment advice
Peloton potential short opportunity A great run for Peloton but after breaking an aggressive uptrend late February it looks like it could be forming a huge Head & Shoulders pattern. The price has corrected up to the 38.2 Fibonacci level after this years drop from the highs seen at the end of 2020. Potential short back down the neckline and support around 95.
Head and Shoulders/Ugly TopThis pattern does not perform well in a bull market, and performs best in a bear market.
Some would just call this an ugly top, or a complex head and shoulders pattern, as there are multiple shoulders. The complex variety can have multiple heads and/or multiple shoulders.
This is a tall structure. The neckline is a source of Strong support until it is broken with conviction.
PTON has pierced the support of the neckline, but was a brief piercing and price is now floating above the neckline. The pattern is not valid unless neckline is broken and a downtrend is in place. The neckline can be horizontal or it may slope.
Head and shoulder tops are reversal patterns so there needs to be a prior uptrend to reverse.
I would be very, very, very safe if I were in this long right now. These patterns can have pull backs (pull ups), a break back up can be a pull back in a downtrend. Good to be careful if you are long or thinking of going long and you see an ugly top.
I have noted that in a lot of cases, securities go down much slower than they go up. In other cases they drop like a bomb, but can stay in recovery mode down at the bottom for a very long time requiring patience that is hard for me sometimes. But I am working on it (o:
No recommendation.
I reposted this for clarification. Go with your gut (o:
PTON at Crucial Support Level Ahead of Earnings!A week ago, I posted a short idea on PTON with the Head and Shoulders pattern as my reasoning. That idea is still active, but I will be looking to this week's upcoming earnings call for confirmation of the pattern. The neckline of the pattern (~$95) is a critical support level and the earnings call will ultimately choose the direction in which the stock will proceed for the upcoming month(s). As of right now, the earnings call could go either way, but I am leaning more towards PTON falling short of expectations. If the earnings call is able to pull the price down below the neckline, then I will most likely open a short position on the stock. If the earnings call pushes the price above the right shoulder's peak, then I may or may not be looking to enter a long position. My decision on the long position will depend on how well PTON is able to resolve the issues that have risen around the country involving their treadmills.
I will update this idea with my position on this idea and stock after the earnings call on May 6, 2021 after-hours.
Head and Shoulders/Ugly TopThis pattern does not perform well in a bull market, and performs best in a bear market.
Some would just call this an ugly top, or a complex head and shoulders pattern, as there are multiple shoulders. The complex variety can have multiple heads and/or multiple shoulders.
This is a tall structure.
PTON has pierced the support of the neckline, but was a brief piercing and price is now floating above the neckline. The pattern is not valid unless neckline is broken and a downtrend is in place. The neckline can be horizontal or it may slope.
Head and shoulder tops are reversal patterns so there needs to be a prior uptrend to reverse.
I would be safe going long right now. These patterns can have pull backs (pull ups), a break back up can be a pull back in a downtrend. Good to be careful if you are long or thinking of going long and you see an ugly top.
No recommendation.
Possible Targets 1 46.4 33.5
$PTON 7 Months Head & Shoulders TopWith earnings this upcoming week, its sink or swim time for Peloton with potential 7 months head and shoulders top.
Stock is in a serious risk of entering stage 4 distribution phase. A decisive break of neckline support around $95 should confirm the breakdown. Subsequently, a decisive close back over $125 (above right shoulder), should re-affirm the stock uptrend and trigger the next leg higher.
PTON Peloton at critical support zoneIf Peloton is at critical support zone, I would expect a huge drop if it breaks through. Of course, it can bounce. Either way, it should be on your watch list.
PTON needs a miraclePTON in critical condition, in my eyes. Fallen through long term support lines, 200 day SMA, and dosent seem undeterred to tick longer.
Out of this world earnings might be the only thing to stop this ol' beast slumping further.
PTONPton is currently in phase 3 of Wycoff accumilation. Spotting accumilation on lower timeframes, building momentum for long term holds if we can get a proper jump of creek/ retest of 61.8 trading range zone.
I expect another dip in price to test trading range support one more time to build enough demand to push through creek. Now,.
IF we jump creek now due to buyers and sign of strength, Expect it to close bullish on the day above creek, come back down to retest that creek/61.8 level and start scaling buys to ride for the trading range resistance- Look for PS(Preliminary Support)
Overall, I see PTON making a good move to the upside here within the next month.
Possible rebound of PelotonPeloton has fallen 45% from peaks, and now ready to rebound from the D1 200 EMA + support area + the fib 78.6 level. This is the last zone to defend for a longer term bullish scenario.
$PTON Support + 50MA WeeklyPeloton is at a major support level which seems to be holding once again. It is also testing the 50MA on the weekly chart and could bounce off of that.
PTON looking grimPTON is looking weak. H & S is also forming so I'm watching for a big break below if we can't hold this level.
Target gap fill at $120. Greetings All,
PTON has been extremely volatile and largely unpredictable. Nonetheless, I'm targeting a gap fill at $120, given the fact that PTON is outside the keltner channel and near the bottom of the bollinger bands. This presents an opportunity to enter the market. There is also hidden bullish divergence on (4) different indicators as shown below:
Bullish Divergence: Histogram, RSI, Momentum, On Balance Volume
On the other PTON could simply buck all statistics and dive further, since it is technically bearish as it closed below the 200 MA ($106) as shown on the weekly chart:
Also, the current pattern appears to be a complex H&S pattern (bearish). However, the gap is compelling, which is why I'm targeting it in the short term.
Happy Trading!
Long or Short - Share your opinion. Two scenarios for this one in my mind.
Starts moving up holding $99-$100 range, it could be start of the new wave up.
Starts moving down and goes below support of $93, H&S will be in the play for a short.
Child injury warning sends Peloton back to support areaPeloton got hit with an official warning after injuries to kids and pets have been climbing.
It is now back to a very strong support area so could be a good buying opportunity depending on how it holds up at these levels.
Worth a watch.
Head & Shoulders on $PTON PeletonWith the negative news recently and the clear H&S pattern on the daily chart I can only see one way for this to go if the $100 neckline is broken
PTON weak buy volumeAfter the whole safety issue and whatnot, still seems people are skeptical of PTON, buying pressure was shut down by the bears today and looks to continue to trend toward the previous support at 93.99
Look for a break or bounce off 98.76
