4PTON trade ideas
$PTON Peloton Day Trade IdeaNASDAQ:PTON Decent size buyers for $50 calls worth keeping on watch. I would like to try it over $48 if it gets there with a PT of $49-50.
Bearish PT: $45 lower
I Missed The Re-entry :/ - 06/09/20 RECAPHi traders,
Losing in one particular stock doesn't mean you should be done with it for the remainder of the day. One deeper pullback got me out of my PTON Long which then offered a really nice profitable opportunity later in the day which I sadly didn't take advantage of and cost myself money!
Trades:
1) PTON - LONG @46.23, -1.02%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -1.02%
Total PnL for the week: +0.11%
Good trades,
Tom | FINEIGHT
$PTON $54 price target
Stock has had a all time closing high today on good volume.
Possible long above $49.50
Upside target $54.00
PTONPTON is looking like it will head back to an all-time high anytime soon.
It needs to hold 44.60 to remain constructive to the upside
PTON Hanging Man Close Gap Bellow Hammer Pull Back ReversalPTON Hanging Man Close Gap Bellow Hammer Pull Back Reversal Canlesticks
Purchasing PTON calls in June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 38.00 strike with a July 2 expiration.
Who Needs a Personal Trainer at the Gym when Peloton Provides an** Comments and Likes are appreciated; New Subscribers are fit and healthy! **
:: Peloton has been on my radar for a while. With CV-19, people cannot go to the gym. Even if the lock-down is over, the gym is not the first 'safe' place you would consider visiting. Seriously, I would go to a cinema first before I would re-enter the gym... for all kinds of reasons. Further, when you can bring your personal trainer to your home with high definition interactive video feed... even if CV-19 was never a thing, the concept of going to the gym was already at risk!
What I see...
+ Prices broke above the neckline of a head-and-shoulder pattern
+ Since earnings from early May, a gap up followed by side way move with descending volume until prices pulled back to the 10ma and RSI exited the overbought zone
+ MACD is bullish
+ Prices respected all Fib lines along the way
- Bollinger Band is wide
- All-time high of 48 as Resistance
What I setup...
+ Long entry above today's high
- Stop under Thur's low
+ Target at 1.618 Fib
:: Duration - 2 to 3 weeks
Growing channel. Excellent growth prospects.Entry price – 46.25 $.
TP1 – 47.13(+1,91%), TP2 – 47.97(+3,72%), TP3 – 48.96(+5,87%). SL – 45.17(-2,34%).
$PTON Peloton May be ready for next step higher
Possible long entry above $46.00
Upside target to $48.00
$PTON Holding Short into Monday Holding a short into Monday .
Short the Stock & 3 CALL Spreads .
Though I completely understand this can continue higher, to me the risk reward shorting up here is well worth it .
Selling a July 50 Call for $5.30 seems less risky than buying the stock at $48.
PTON losing steamLooks like Peloton might have hit its peak for the time being.
Good chance it retraces to close the gap it made around $40.
PELOTON Step your way upPeloton analysis long term trend up, short term correction expected. RSI overbought.
Personally, I am opening a long position as the stock corrects itself.
Not an advisor, my personal opinion. Good luck!
PTON retracement this is pretty dumb.
last times RSI was this high the stock made a 20% correction back to the mean ~$30.
Also made tops in RSI in the daily time frame as well.
Long time support in green, weak supports dashed green lines.
Fundamentals:
PTON sells overpriced electric cycling bikes during a recession.
The market is as rational as a chicken without a head.
PTON recently rallied after breaking the descending triangle marked in purple due to their increased sales of bikes due to the lockdowns.
now that lock downs are being removed, its very likely people will stop ordering them and the hype dies.
I think its very possible that this stock gets carried back to its ATH on a positive market and even higher.
this is an isolated test of the RSI indicator.
PTON 28p 6/19
dyor.
