4PTON trade ideas
PTON - Potential Long on the 4HPeloton has seen over an 80% decline in stock price since its January 2021 highs. It could be ready to claw back some of those losses up to near term resistance at $46. Depending on the buy price, this could pose a potential 30%+ gain on this trade in what could be within a relatively short space of time.
I would look to take this setup if the break and retest of this trendline confirms with a bounce and close above the trendline. I expect this to be within the next couple of days or early next week at the latest.
OB in PTON (31.00 since 2020)Order block since 2020 in PTON.
Today has reached that minimun below 32.00, crossing that IMBALANCE since 2020, and today is the master key day.
Good luck all of you traders!
Falling Wedge Break - Potential to see a run up to 37 next week. Liking it for a retest and break to confirm the wedge break.
PTON short squeezePTON looks like it's headed for a short squeeze, there is a significant gap it could look to close but thats a serious bounce to the upside.
PTON looks ready to RIDE Peleton looks setup really well here with a measured move+massive RSI divergence, and a weekly TD8. QQQ does look a bit stretched so if the bottom blows I will add more. Longed the Jan 50C for a yolo bet around .54. Credit to @hyperbitcoins on twitter for the idea (ducc).
Peloton, 5 Jan: Ready to buy?Peloton has lost -81% since January 2021. The pain and destruction in this chart are real. But we know that nothing goes up or down forever. JP Morgan finally downgraded the stock on 31 Dec, which is so unbelievably late that we may now take a contrarian position.
Elliott:
We are able to count 5 waves to the downside. The 78.6% retracement is at 29.
Geometry:
Price is approaching the lower boundary of the pitchfork/channel. Price responded well to the previous fibonacci levels within the channel.
Oscillators:
The Stochastic is oversold since Nov, and due to move up. The RSI shows a bullish divergence.
How to trade it:
PTON may drop further to complete the wave and reach the lower boundary of the channel. The idea is to pick the stock up at this level and to increase long exposure once we observe a higher high, indicating the break of the downtrend.
PTON: UP or DOWN into earnings18-20% Move up or down this week.
Great Opportunity to bounce back this week... But the 35.73 Line needs to hold up.
$PTON Short Here Via July Puts Title says it all on this risky trade - Looking for a gap fill in the $35 area but could see $50 first - if you dont know options don't do this trade - as always not advice
Demand zone reached in $PTONNow that we have reached the demand zone in $PTON, will be watching to see how the stock responds to the area. Will update as we progress forward in time.
PTONQuick flush to <$30? Would complete the h&s that broke down with their November earnings report.
PTON time to shineWhat if....PTON can get back into this channel. May be a large setup for a much larger move? IDK, but I see at least a retest of some EMA's in the near future. Cheers!
Peloton Interactive (USA: $PTON) Is Trading At A Steep Discount!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 mean reversion / bottom fishingAim is to play a potential QQQ rally after it undercut the $379 low from 12/3 yesterday
Good ~3 rr ratio if breaks above ~$43 could go back to the 50 d sma and 0.382 retracement of the down leg at ~$60
$CRWD and $DOCU are also interesting plays in that perspective
$PTON - Caught At Demand$PTON has started to look spicy after catching a bid at the supply zone from nearly a year back. This zone may finally mark a stable bottom for this freefalling ticker.
A strong breakout from our descending channel could likely catapult us over our overhead resistance.
This will be come of my top watches going into the new year.
PTON$PTON is possibly setting up for some nice trades next week. A few levels to look at above and below. Trying to break out of this falling wedge, notice the strong volume at close yesterday and it's sitting right on top of the upper TL. However, VPOC (purple line) is right above and if you look left you can see all the Chop (Market Disequilibrium) and is entering that area again. Getting through that area would be my trigger to go long targeting $45-$48 calls. The 12/31 $45 calls have strong volume. On the contrary, if we are rejected at VPOC and fall back into the channel, under the upper TL on strong negative volume, than puts are the play. The 12/31 $40 puts have decent volume, but overall not a whole lot I like to the downside. As always, trade your way, these are my thoughts, not financial advice. In this market sometimes it is just better to observe and soak in what the price action is doing.
$PTON - Peloton Interactive IncDaily chart showing divergence in price VS. Stoch / MacD / RSI. (Yellow arrows) They will be more pressure but I am starting to add here. Target gap fill around $81.00
Peloton's flash was easy to identify in advance on weekly chart!Seeing oncoming possible Inverted Cup and Handle on weekly chart was a strong indicator for Peloton's fall!
We can also see a clear channel ranging between 140 and 160, confirming channel break at 130!
Further drop after 130 was obviously a completion of head!
And then the subsequent rebound around 128, and drop back to 99 was completion of Inverted Cup and Handle,
The best thing to do in this case is ofcourse to hope for a rebound beyond 128, for further upward move,
while, also supporting that expectation with strong fundamentals!
Although, we could clearly see that EPS was already expected to be negative for 6th May earnings, and it further got worse than expected in 26 Aug reports, where the August expectations themselves were way worse than May!
Further on, there was plenty of time - 48 bars on daily chart to gradually reduce the position, before we saw a flash!
Obviously, it's trading on critical historical support zone between 36 to 45.
I'd still expect another major downtrend, not sure when, as forward EPS isn't looking any better yet.
And rather wait for strong series of earnings and long lasting accumulation phase to initiate the long position again!
Back to where it all started. Price most times retestBack to where it all started. Price most times go back to test the breakout pattern. Which was a head shoulders pattern. A bounce will happen in this area. If you want to be on the safer side, you can wait for the head and shoulders reversal bottom/pattern.
Buy $PTON ,High risk High returns Buy now 25% at area A
Buy 75% after a daily close above area B
Good Luck...
