PTON trade ideas
$PTON Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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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 $115.89. It is approaching the 20 day MA and heading to the positive bias. There seems to be a lot of buying than selling today and could be the Black Friday anticipation and stellar earnings report. Watch for volume as this stock accumulates nicely.
Back at ResistanceShort to middle black line if can't break 112.
daily MACD doesn't agree with me so stop out if breaks and holds above that.
ABC BullishLooks like the media hype is putting some upside on covid stocks again.
Be safe and be sure you take heed when the world is normal again, if it ever is )o:
Stop goes under C as a rule
Possible T2 186.5 to 212 (long term
Just an observation
PTON target 130 for wave 3Another NAS stock I am currently long, target 130 and 150 for our bullish waves. Copyright Rohan Karunaratne 2020
PTON setting up nicely for a big weekPTON respecting the bottom of the broadening formation with a nice bounce, expecting a strong week.
ascending triangle + rising covid cases$pton follows the general covid play trend along with stocks like $zm, $docu, $roku, etc.
4 hr chart giving a buy signal on macd.
$PTON Peloton Interactive Potential Reversal Opportunity 🚲🚲
Long term trendline had held under the selling pressure.
Yet again these COVID stocks may become appealing.
Short term Reversal targets $110-$112
PTON Clearly marked.These levels look pretty clear to me. Being capped by clear overhead resistance, 50SMA and also looking for RS to confirm (or not). Time will tell.
PTON HYPEThe whole flock of chickens will be buying this. With negative cover news surely to come, pton will benefit.
Dunno??Be safe if in this one or if planning to get in, be sure you get a safe entry
Just an observation
$PTON at Trend-Line Support | It's a Buy$PTON bouncing off trend-line support around $100, forming an inverse H&S on the 5/15 minute. Also note 15/30min descending trend-line acting as resistance; I am looking for a breakout of that trend-line for a push to $120.
Took a synthetic long STO $PTON $105p 11/20 avg $$4.50 + BTO $PTON $110c avg $2.10 $114c avg $1.30
$PTON Peloton Long Entry as COVID fears rise.
Potential entry above resistance @ $109
Target to Fibonacci retrace 0.618 $117
PTON - daily inside candle - 11/11/06set you alerts at today's high/low. if it breaks with volume , expect it to continue on the my targets on that side of the break.
#PTON $PTON
i may long this one again next week!PTON perfect bounce off the bottom trendline, if the top one breaks this one can go back to highs in 1-2 weeks. watchout ! cover those puts if you got em, its bull season :D
