$PTONTaking off more bullish count still missing a 4 /5 to downside expect blows through 61.8 fib..sell rallies mode
4PTON trade ideas
PTON UpdatePTON broke the pennant formation, super bearish.
End target is $7.5 to $9 depending on if you draw this as a pennant breakout or bear flag. In any case it's headed to single digits, almost guaranteed, just a matter of when.
I expect a bounce at $11.25 support when it gets there. Last time it tested support it managed to hold it for a day so there's a chance Monday is an up day, will add to my puts if it is. it did bounce off the $12.4 support, but it's toast because it broke out of the bigger pennant formation. Single digits is a matter of time, PTON is SFIXing it's way down.
Peloton correction coming?Peloton
Short Term - We look to Buy at 11.87 (stop at 11.05)
Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher.
Our profit targets will be 14.31 and 15.49
Resistance: 14.50 / 15.80 / 24.50
Support: 12.00 / 10.00 / 5.00
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PTON PennantWhen PTON breaks this pennant it's headed to single digits.
It could coil until it hits the tip of the pennant but I'm doubting that. If it does then I'm loading the freakin boat on puts.
Buy PeletonBuying peleton here on falling wedge breakout on volume news the CEO is stepping down and a great new one is coming in ahead of the bidding war for the company.
That advert with big made me laugh to.
Expect this one to double
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strategy for PTON FRIDAY 05/13/2022Hello Trader: pton complies with what was dictated by opening above the price (14.20)
strategy for PTON friday 05/12/2022Hello trader: it is within your 52wk this only indicates more sell. bullish entry above (14.20)
our bearish entry: it is below (13.52) with a possible fall to the minimum or buy zone (11.80) for traders who are starting in this business, they should always look for actions with a clean left side (without much support zone) to that the price can move freely
Peloton: Pedalling all the way down!!Peloton
Short Term - We look to Sell at 14.90 (stop at 21.60)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.00 resulting in improved risk/return. Worse than expected earnings will add to bearish confluence.
Our profit targets will be 0.00. (Technical Crash)
Resistance: 15.00 / 17.00 / 19.00
Support: 10.00 / 8.00 / 6.00
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Another Low risk High reward OpportunityThe gray bar shows price range from 22-33. Stochastic %D has been oversold for so long that this may have a nice burst up. RSI is also showing bullish divergence. Remember this is a weekly chart so you must allow time in your trade.
You can buy stock or calls to the top of the zone and hold for more upside or take profits and enter a new trade later. You can easily exit below 22, or if using calls you might want to consider partial stops.
$PTONI'll probably avoid this one but this is interesting...
$PTON will come back to the upside of the channel at some point - sorta make sense to bounce on this vol shelf...or it could get squeezed into consolidation and then bounce... either way it's interesting that it could time out at the top of the channel for a break out into a giant vol gap.
NASDAQ:PTON
Peloton breaking support. More downside ahead? $9-12Peloton has done a full retracement of it's covid run and now it looks like it's about to break it's 2020 lows.
Upon a break of support at $18, it would set up the possibility for new lows in the $12 range, or even $9 if it were to break that support.
Those levels would likely turn out to be a great buying opportunity over the coming months.
Let's see what happens.
Risk vs Reward = 1 to 9.21 ✨Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 9.21 ✨
It means if you risk here 100$ you may make 921$ Not bad, huh?
PTON ChartThis is what I've been looking at this week, made $5k shorting this garbage on a kicks and giggles trade. I told everyone it's headed to $20 support, it touched it and bounced up quickly. That's why I closed out at $20.25, didn't think the extra 25 cents was worth it.
Probably should've bought calls at support, lol. Decided I want to be cash this weekend. Besides, no guarantee support will hold, this company is headed downhill. It needs to get rid of the oversold condition on the hourly chart though.
Plotting since I have time now, just to show my followers what I was looking at. No position.
PTON 3/30/2022PTON
In healthy downtend.
Price in downtrend with 50ema acting as dynamic resistance.
Stochastic is over-bought
Last two times price has pulled back to 50ema and stochastic in over-bought territory, price has made move down. This time it won’t be any different.
Entering trade short
Entry: 27.70
Stop loss: 33.09
Target: 20.38, +26.43%, 1.36 RR ratio
Peloton (NASDAQ: $PTON) Touches 0.786 Fib For 2nd Time! 🏃♂️Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
PTON maybe starting a move - calls are cheap, risk is lowQuickly sharing here, PTON went below 23 and saw buyers come in. See ovals marking RSI and stochastic becoming more bullish. Watch RSI to stay over 50. It may pull back to test the this level after crossing over, which would match with a price pullback after a strong move up.
Caution in position size for now because stochastic and RSI on daily are still bearish and directional buying volume is low for now. Essentially, if a move up is to come, I am getting in well ahead of the pack. If not, I can easily hold $48 for one call contract.
Yellow line is at 24.30. Yesterday I bought Jun 40 strike calls for $0.48
Peleton Buy Stock?Is Peleton going to hold inside Demand Zone or will it break below and create a ATL?
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Hows this working out for you guys?Remember a couple of weeks ago I said its time to take the opportunity on the pop to cash out and you most of you found every excuse why this should be going up, up and up........ Hope you wizened up and arent sitting in here still holding. I think Peloton sounds more screwed than one could be. Did they over order thinking their hotness was here to stay? I havent dug to far into their story at all because to me the chart always reflects it but I do see they are trying to "rent" their machines in some states now. Seems more of a desperation act than anything. Rent a 2500 machine for 80 bucks a month or something like that? REALLY? Anyway... single digits on their way I think and will I buy even then? Ehhh... not much if any at all...... I am just not impressed and think their competition does it better, if you ask me.
PTON UpdateI totally forgot I drew up an enormous H&S pattern months ago, lol. Played out perfectly.
Anyways, I'm throwing up this plot because daily MFI went oversold yesterday. It can still go down until RSI goes oversold, like I've been saying all week, nobody besides the algos are buying this, how many people are thinking "Hey, there's a war in Europe, let's buy stock in a money losing exercise equipment company"?
But anyways, algos might buy because it;s oversold, or it might SFIX it's way to $11. Could go either way from here
