$PTON Peloton Interactive Trade Setup
RSI in reversal
Stochastic bullish crossover
200MA support
Fixed Range POC support.
Potential long above volume shelf $116.50
Target price $123.40 Fib Resistance
$127.00 20MA
4PTON trade ideas
$PTON Big Doji candlestick suggests Bounce to 130-132 Over sold indicators supporting Friday Big Doji candlestick around 105 . Above 98 Short-term suggests bounce to 130-32 then consolidation or other pullback lower than 93. Battle ground around 123
Resistances: 115.2 - 123.4 - 130-132
Supports: 98 - 93 - 85 Stops for longs.
Buy Zone and Target for Peloton $PTONMy Buy Zone and Target for Peloton $PTON
(Not financial advice)
PTON 3day oversold target for longThere are a hand full of prior high flyer names I will be charting, that look like 3day oversold conditions are solid targets for scaling into long positions.
Indicator to calculate relative price level for == 30rsi , is RSI LEVELS
Thanks.
$PTON Support + 200MAPeloton has been selling off aggressively and fallen to the support which seems to be holding. It also tested the 200MA today.
*btw their website traffic is up over 100% in January compared to October
PTON long on Precor acquisitioin If the basis is that people were working out home that's why Peloton has been up, I would asked you to challenge that notion based on their acquisition of Precor who makes most of the treadmills, ellipticals and other equipment you can find in your favorite gyms and rec centers.
Decent support area shows consolidation as well and this serves as a pullback area to get back in on a stock has been moving successfully.
MACD isn't the best looking but still where it will be okay
Keep in mind that the basis of these analyses and trade or hold concept rests heavily on risk management so a decent reward/risk ratio of 1.75 means that even if we are wrong on both fundamentals and technicals, overall the loses are collectively less than the wins.
PTON - Desceding Triangle with Positive RSI/MACD DivergenceConsider buying around the base of this descending triangle (~145). Divergence on MACD/RSI implies breakout above. Use a tight STOP (low for the base).
PTON FORECAST Recently bought to open a position in PTON 04/16 150 C. PTON looks ready for another impulse!
PTON trend bounce?Looks like PTON is primed and ready for a solid trend line bounce, we bounced off oversold levels on the RSI, showed now weakness in the A/D, and we are also sitting a sold Fib levels which i lay out in the video. Overall i think this is a great dip to buy here for PTON NASDAQ:PTON
$PTON showing signs of reversalHolding well above last week's low. Sellers tried this morning and failed to take lower. Could test 126.5 tomorrow on volume.
PTON buyers holding the 150 dayPTRON is holding the 150 day nicely. Even though that's the case I don't see much conviction from buyers. I'm expecting some chope before a move.
$PTON Long bullish divergence is clear but tech is still selling off/correcting so not sure how this will play out next week, but safe entry when 9EMA crosses over the 21EMA (green over red).
My ideas only, not trading advice.
Woah- this has to many optionsSo this is either bottom of the trend line and we can see pton make a good bullish bounce! Or something completely different. It is concerning that the attempted break out failed on the third go at $160 and with the market sentiment being rather bearish drove this stock down quickly.
Now even more interesting is that we still closed under a resistance point ($122) if PTON is searching for recovery it would need an immediate breakout by Monday or Tuesday.. if it fails there is a good chance rejection will force this to $110 support. If that is confirmed we would then be subject to the start of a long term consolidation or the start to a retrace on the fib down to ($95) which would seem so oversold. With the current high yields right now though could create an environment for that to happen.
Moral of the story I’m all over the place on TA, if there is any good news or other perspectives that could be weighed in to see what’s to come please comment. Thanks
PTON new weekly count just a quick new count on $PTON weekly chart with a pitchfork overlain on it.
Its lookin like a nested 1-2-1-2 if it holds the golden zone bounce. If this count is accurate, we could see 250+ by end of June.
PTON - looking bearishInfo only, not advice
Double top pattern has formed. Likely to drop through first level of support. It will then retest this level and confirm as resistance o support last that level. Once broken through, likely to bounce on 0.618 level and then drop to the next level of resistance at 92.
PTON still clearly marked.Hope the support/resistance is clear. The levels are clearly defined. No reason to lose a lot of money with this name.
$PTON - False breakout lead to big flushwill be interesting to see how it acts around 133. Weakness could push it down to 118, which is where I will look to go long.
$PTON at Weekly SupportNo bounce in site yet so far today. Next support is @ $125. $142 to $144 is now strong resistance for Peloton.
PTON - Bear Flag or Ascending Channel?PTON has been moving in upward channel. Despite recent pull back PTON appears to continue to uptrend in channel.
