4PTON trade ideas
More work for PTONPTON just about keeping it's long term uptrend, and it's 200 day sma.
Recent price action doesn't fill me with a lot of confidence that this sideways move between support and resistance is over. Need to really clear this area and start dealing with that big downtrend line extending back from Feb.
Falling Wedge Pattern $PTONKeep an eye on $PTON, 5 min chart PTON is trying to reverse off 100-ema, I am bullish on this stock. I purchased 3x APR 16th $125 calls @ 1.32, will swing into next week.
PTON LongWedge breakout
Breakaway Gap
SMA200 as support
Entry 113
Stop 100
Target 145
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Peloton is waiting for a rebound The $100 seems to be a good support level for this stock, which, in turn, is anchored at the 252 EMA.
If it respects it and reacts, it can go back to at least $120 on a rebound.
NASDAQ:PTON
PTON to $70Do your own research. An idea is PTON breaking down from another bearish ascending triangle/retest, could be headed to $70.
$PTON OversoldThis is a simple idea saying that Peloton Interactive is oversold and should turn to the upside soon. Shares broke out of their regression channel and found an important buy zone. We could see the $155 zone again within the next month or two.
PTON, LAST CHANCE!Hello fellow traders and investors, here's another trade idea.
PTON has recently pulled back to the support area, if PTON makes a full recovery it offers around a 45% ROI.
Technicals:
The Macd indicates that it's oversold and now in an uptrend
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When EMA's crossover.
When To Sell:
I recommend selling at its previous high offering around a 45% ROI.
Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 226 which definitely isn't great however there is a good reason for that and it's because of their growth in sales of 128% Q/Q, an earnings per share growth of 192% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and unfortunately they still have an ROI of -5%.
Rating: 70/100 the technicals are good but I don't like when the companies valuation is based on their future potential results however they do have amazing growth and a good business model so they deserve 70/100.
I hope you enjoyed this quick analysis and many more to come.
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Thanks.
PTON DAILY 200MA RETESTPTON RETESTED THE 200D MA & FOUND SUPPORT
IDEA R/R WAS ON THE RETEST
NEXT OPPORTUNITY IS DAILY UP LOOKING FOR A BOUNCE PLAY
PTON DAILY 200 DMA RETESTPTON RETESTED THE 200D MA & FOUND SUPPORT
IDEA R/R WAS ON THE RETEST
NEXT OPPORTUNITY IS DAILY UP LOOKING FOR A BOUNCE PLAY
Short term may bounce but bearish long term Short term I think this can see a bounce to the 133/134 area. I would be running a tight stop if it makes it there but this is a covid play. Also lots of competition heating up some with much more recognized names like nordictrack. I see no choice for this to fall back to that 32 area on the correction that will be coming to deflate these very overvalued prices on everything currently. Correction will take it down to 32 and I would then take a long and long term position (months) and work with the chart from there. New highs. Probably but not from here. This stock has little to offer except to day traders.
PelotonSome price movement option.
H&S and price with the time will fall down?
Or bullish trend with new price level?
High Probability Trade - Potential 20%+ UpHi traders, this is my first idea ever on Peloton even though I have been watching it for months but never had the guts to buy it considering how far it ran already. The selling pressure on this stock was heavy in recent weeks until it found support around $94 which was the support back in November 2020 making it a double bottom.
The stock then recovered and managed to break above the short term down trending line and close the week above it (purple color in chart). This should give us confidence to enter long trades targeting the 50 DMA ultimately in the coming weeks. There are milestones in between to take partial profits derived from the Fibo retracements and support/ resistance levels. You may enter the trade on market opening and target the following:
- TP1 @ $126
- TP2 @ $132
- TP3 @ $140
This gives us potential 20%+ trade with low risk. Stop loss can be placed below $100 as per your risk management.
I suggest closing all positions around the final target at $140 as there is a probability the stock would form a H&S pattern if rejected from the area meaning the stock can potentially fall hard and break the $94 support in the coming months.
Please share your thoughts in the comments. Thanks for the support!
PTON PT: $76PTON broke its long term support last week.
It looks like it bounced right off the .50 fib and is looking to test its old support which would be its new resistance in the short term at the .618 fib.
I don't expect it to break, once clear confirmation on bounce off the resistance at .618, I will be shorting PTON to 76.
$PTON - Ascending Triangle PTON forming ascending triangle on the 1 hour timeframe. Short term PT: $121
