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PELOTON INTERACTIVE INCPELOTON INTERACTIVE INCPELOTON INTERACTIVE INC

PELOTON INTERACTIVE INC

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2ON trade ideas

PTON, short-term bearAfter completing a large 5-wave up move, now price appears to be starting large wave 1 down. And in that large 1st downwave, we are at the start of the 5th wave of that. It's been a fast fractal and you can see the setup. No point in going long here. Bearish short-term, especially with anticipation of a weak broader market the week of Feb 07. Don't let the day of earnings FOMO distract your eyes, the signs are there. The risk is far too great to be long here unless you're a full buy and hold for more months.
NASDAQ:PTONShort
by aspect11
2
PTON, the air is thin!I'd be extremely careful here at these levels. This is priced to (and probably beyond) perfection. Weekly chart shows 2nd final Fib target hit last month and price is all but yelling that it wants to retrace back to 130 at a minimum. Earnings were good enough but needed to be an absolute blowout in order to sustain the momentum. With supply chain issues still pressing for months to come, a pause/decline is coming fast. This may be a momentum play again later, but now is not the time. Definitely short-term bearish.
NASDAQ:PTONShort
by aspect11
3
Buying Opportunity. Targets: $168, $215Greetings Investors, I’ll bullish on PTON based upon the following: Bullish Factors: 1. Strong uptrend since May 2020, with classic pullback and bounce from 38% FIBO. 2. PTON has pulled back between the monthly (blue) and quarterly (orange) EMA, a classic buying zone. 3. PTON has been rejected at $168, which is the current resistance and first target. 4. If PTON breaks through resistance with strong bullish volume, then the next target is $215. 5. RSI has fallen to a safe-level at 47.92, which I interpret that PTON has room for future momentum to the upside. Strategy : 1. Consider the OTM 19 Feb $150C or $160C. Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Please exercise your own due diligence.
NASDAQ:PTONLong
by chiefwils0n