PTON has come down to support!Hello again! I'm thinking PTON has taken a good hit, but that the trend is still functional! I'm long from 58.25 with a target of 62.95. Earnings are Aug 3, so it's a little close, but still acceptable (to me anyway)
PTON trade ideas
$PTON Peloton back on the reversal list
Will be looking for reversal trade on PTON this week.
Hit previous horizontal support and my rising Channel
trend-line on Friday.
RSI has worked of previous overbought conditions.
Main concern is the loss of Moving averages as support.
Next major MA is the 50ma in the $50 region.
Stock thrives on bad COVID news so lets see how it reacts to
the Lancet Report on Monday
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A good time for going long for a scalper.The price will drop to the bottom line of the channel and will rise again, today and the day after is the best time to buy
ChannelAs already mentioned $PTON is bouncing into the channel. Is getting closer to the lower side.
No signs of inversion so far.
PTON $81.90 by the end of July?!?! (BULLISH?)If the days are still green, I believe we are in the middle of wave 3 before a big retracement! We currently peaked at the (pink) wave 3! Maybe we will see a minor retracement to (pink) wave 4? I'm still a noob, so I'd appreciate any feedback! Practice makes perfect or something like that =) Happy trading friends!
$PTON $70 Peloton Target
Channel Still well respected and next touch to the upside imminent, which
should result in a pullback for the stock.
having moved above $65 next targets are
$68 & $70. RSI is high so caution needed.
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Peloton Spot - LongThe stock is in an uptrend post results
Covid -19 has provided a big boost to indoors gym and that will be shown in its numbers
Though the stock has run up a lot, there still is 10-20 % upmove potential.
Once it breaks above 49, can see it going to 54
STOCKS TO HEDGE TSLA WITH: PTON?$PTON is in absolute beast mode and it's 0.485621 distance to $TSLA (about "halfway independent") in my readings. Good stock to include in your long only portfolio alongside $TSLA?
Called this move exactly! This is what a proven strategy looks like and it worked flawlessly. They've done studies, you know. 60% of the time, it works every time.
Fib targets complete$PTON tagged the 50% fib and then saw a very nice move into the -61.8% to T2. Now we are looking for a new cycle to occurr
$PTON Peloton $60 target
RSI approaching overbought but still room to run.
MACD and Histogram bullish.
Stay at home stocks continue to hold strong
Analysts chasing the stock
Fibonacci 1-2-1 extension target $60
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PTON looking strngnew weekly high, stay at home play, not a lot of sellers to dump the stock. Send it
Target 62This could reach there as long as it stays above 50. If closes below 49, then lower prices to come.
Looking like it wants to break, Long if $PTON>52great triangle formation on the way up. holds the trendline we looking at 55+ for next week
