PTON trade ideas
PTON giving traders a real workout!Are you tired from your PTON trading workout? Sweating much? :)
I wonder how much of this was retail investors losing money. Institutional investors taking profits to other sectors.
Look to the market first before evaluating any trade. This week is not the time to look for new long positions in any stock.
Will put it on the watch list for the next period of growth, likely weeks to months away.
PTON target: ~~75 next week or two.After blowout earnings pushed a new high, we had a massive bearish engulfing. Looks to be way ahead of itself; would like to see it retreat back towards its 50day which nicely coincides with the previous uptrend line. MACD rolling over and about to cross. Upper bollinger band crossover sell. Does not look as healthy as their customers!
014. PIGGISH PLAY - Short Peloton on the OpenWow, nice earnings report PTON. Not. Bad. At. All.
Here's why it's a perfect storm for a short setup tomorrow, assuming it gaps up above 94:
- Gap up above a huge shooting star daily candle ---> gap will close due to massive overhead resistance
- It's Friday and the market is looking like it wants to dump in a serious way
- 100 dollar/share psychological target is a perfect lure for longs
- A clear path downward to sub-90
- If Amazon can rip down after a 10x ER post, I believe PTON can do the same after posting results that pale in comparison
This play is a short-short; meaning that I plan on opening it and closing it tomorrow, using puts that expire tomorrow with a strike at the opening price.
- Health-Conscious, But Not Stupid, Pig
NASDAQ:PTON
PTON EarningsNot really sure why this has the same market cap as an auto manufacturer, last time I checked stationary bikes don;t get you anywhere.
Risky bet, only 2 put contracts, but lots of stocks falling on earnings so giving this a go. Also overbought and pumptarded.
$PTON Time To Take Some Profits The company had blow out earnings and the stock has had a 12% swing from the lows after-hours.
Entering a long now looks risky with some bearish divergence and the stock at a very elevated level.
peloton with a mon$ter movesomeone knows something ... price action is there its singing a song
premium saying its going to 130 which is insane.. but i guess people are looking for the next zoom play
&out of all companies reporting earnings this one is probably most likely to have a *similar move*
not saying it will.. but im pointing out it is a possibility
set ups like these are rare
(earnings + w/darvas box breakout at the same time)
the large ellipse on the chart shows how on fridays sep 4th flash crash pton bounced strongly in the low 70's (previous resistance)
and for the smaller ellipse thats just me highlighting the darvas box breakout.
Peleton: Possible Dump to the Mid to Upper 70s on EarningsHello traders,
Peleton is up there with one of the most overvalued stocks in the market right now and should be traded with caution. How overvalued is it? Well, it works out to that each customer based on their valuation is worth over $30,000 dollars which obviously is absolutely absurd and unsustainable.
Currently, Peleton is trading off a Wave 4 and I expect it to dump somewhat after earnings tomorrow. The target it could drop to would be around the 76-80 level. Having said that I see that as temporary as it will likely grind afterwards to the mid to upper 90s before completing a final Wave 5 before a sharp ABC correction downwards.
For those who own the stock I would sell at-least 50% of your holding for profit and ride the final Wave 5 over the next month. I would not buy the stock pre-earnings from here.
-zSplit
Peloton - hourly double top before earnings?I rarely trade earnings. When I look at the weekly I see price is extended from MA's. This could open lower tomorrow and/or end lower as it did between 9/2-9/3, if there is profit taking before earni ngs. Alternatively watch this for a nice Friday day trade, or a swing trade will set up that carries into next week. This could head lower to 70 or go up to 100. There will be a nice swing trade either way
I opened weekly 80 puts today that I will close before earnings. I am watching stock for a post-earning trade.
PTON - pre-earnings rallyLooks like PTON is ready for pre-earnings rally.
Printed greate reversal candle on the daily and on the hourly chart.
Just got some analytic upgrades with average target above 100.
One of a few stocks in my watch list with green pre-market
Watching it closely to play the run up into earnings 10 september
$PTON Peloton Carrying a lot of optimism into earnings
Lots of optimism amongst the longs coming into earnings and todays announcements
added more fuel to the rally.
It is noteworthy that todays rally stalled just below the previous high which hit the Fibonacci
1 - 2 -1 extension target.
This must now be considered as a significant resistance having held twice in recent days.
For those looking at higher targets $100 is a key psychological in confluence with the 2.628 Fib level.
Stop loss below 7ma
The RSI has room to run while the Stochastic is beginning to roll over.
PTON Bullish and bearish flow before earningsBacktested the breakout point ($72.1) on Sep 4 or pivot point and held the 20 SMA. Earnings whisper is expecting .13c EPS and $560 mill revenue. Previous Q was $524 Mill, which was a beat. Bullish option flow bought Sep 2 - Over 4000 Sep 11 $120 calls bought and 2900 $110 calls (These would be all down). Bearish flow - On sep 1, Oct/ Jan 2021 call spread $80 bought sold the $85's. Sep 4, the Apr 2021 $90 calls were sold. I would play the run up into ER, then sell.
$PTON Respecting the Channel In Peloton Long term channel Has today acted as resistance
within a very strong day for the market.
May be a good opportunity to take some profits
and await a lower entry prior to earnings.
PTON Move IncomingBeen a minute but this is a classic wedge formation that I wanted to post. Personally I am bearish but this could be a bull flag... only time will tell, but if you do want in the SL will be at the high shown from today.
Manage your risk but you can probably get in tomorrow if it does not gap down/up.
PTON squeeze pattern read on 8/27/2020. 8/28/2020 aftermath winPTON squeeze pattern read on 8/27/2020. 8/28/2020 aftermath win
$PTON Peloton Possible Friday Trade
Potential entry on break above $73.50 with upside target at $77.50, for a short term trade
Indicators are in reversal and bullish
Analysts may very well position before earnings which are expected to be great.
Pton possible flat top break out Pton possible flat top break out
Entered around 68 partial, will add at break of 70
SL 63
traget at least 90
r/r 1/4
