4PTON trade ideas
1hr bearish analysisPeleton has been downtrending due to market conditions and the huge recall and lawsuit they are facing.
Overall I am bullish longterm but think we will see a continued downtrend to list key support levels
Happy trading
Never financial advice
A Look at Peloton(This is not financial advice)
Just a quick look at PTON not quite bullish because of negative sentiments in the media. Long term this is a great stock and will in my opinion do well in the future with such a strong business model with it's memberships. Did some quick TA here as well if you were to make a play this is what I would keep in mind.
Thanks!
- Vlaire
Head and shoulders pattern for PTONPTON I think will retest the neck line before going down further. short opportunity
$PTON Peloton Reverses 12% on Earnings call.
The PTON team just performed a damage limitation masterclass on their earnings call.
All teh negatives have been lain out on the table and projections are not quite as bad as many "EXPERTS" have been suggesting.
Please see the potential trade setup for a move above the current volume shelf resistance.
Pelaton - Long Opportunity - What about Recall & Earnings!?Pelaton Opportunity..
They did have a recent recall on their treadmills which caused more dump in price, it was already dumping to begin with.
Earnings now.
Currently trading at under half the price from all time high - time to keep greed in check.
Head & Shoulder pattern played out, dump ongoing..
With the 200MA forming right at the .618, which we're currently at I wouldn't mind laddering some buys down for a potential swing in the near future. Decent risk to reward considering the amount of price history above current level.
Good luck!
$pton - broke uptrend in feb, now needs to break this downtrendperhaps we see below $100 one more time?
i will be monitoring this one closely.
PTON setup for a potential 40% dropHead and shoulders playing out with the right shoulder half formed .
Wait for a break of the neckline and a candle close outside of the neckline /*Resistance before shorting
alternatively you can also wait for the back test of the Neckline and upon rejection open Short .
SL placement above the last swing high .
Point of control is a match for the move to the downside as a further confluence.
200EMA will also create a slow down in the move to the downside
Set a price alert around the $100 region and await the reaction at the Neckline .
Always use a SL and know your Invalidation
Like and Follow for regular setups Much appreciation
More Pain Coming! NASDAQ:PTON
People Lie, CNBC Lies, Charts Don’t.... Buy if you want to lose some money. PUTS!!!
Path Prediction for PTON before/after Earnings CallI think the market overreacted a little to the news of PTON recalling treadmills and believe that PTON will rise up to the neckline of the Head and Shoulders pattern (refer to my last two posts) before crashing down. The stock is oversold on the 1H chart, along with the 1D chart and will be rising back into the BB channel in a few hours, most likely. I believe PTON will beat earnings estimates tomorrow, giving it the short boost that will propel it back to the neckline. Upon resistance rejection, the share price will drop and the short opportunity will hopefully present itself.
I will keep this and my last post updated with my current position on the stock. Happy trading, everyone!
Now we knowBased on our previous post, we can assume that H&S will be in the play and we are looking for further downside on this. Any upward movement would help to build a good short position.
$PTON is a cyphercypher harmonic pattern:
AB=0.38 XA
BC=1.42 AB
tp1=1.27 BC=$76
tp2=0.78 XA=$60
tp3=2 BC=$48
$PTON going for the biggest volcano eruption Short on any bounces 90-100 for financial freedom!
T1: 80
T2: 72
T3: 65
T4: 55-60
PTON sell Head and shoulders pattern shown reversal in the trend. Starts with a bearish engulfing candle with subsequent confirmation candles of the downtrend. Consolidates and gravestone doji signals another bearish move to the downside. Price has broken the support level to confirm the head-and-shoulder pattern for a further downside move.
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.
