Garbage stock earningsAMC, W, BYND all remind me of that quarter where PTON went up despite crap earnings. Fake buyout rumor was "the news", but basically just too many people trying to short earnings because they know the company is losing money.
Gonna wait until Wed to short garbage stocks, CPI coming out premarket.
1PTON trade ideas
Peloton: Anddddd back downPeloton
Short Term
We look to Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Peloton bottoming?Peloton
Short Term
We look to Buy at 8.83 (stop at 8.07)
Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11.28 and 13.49
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PTON:Due for some bullish relief!Peloton
Short Term - We look to Buy at 8.66 (stop at 7.14)
We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 12.95 and 15.00
Resistance: 13.00 / 15.00 / 20.00
Support: 8.50 / 5.00 / 2.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PTON UpdateNo need to update this I'm just reposting my chart, lol. Lines were all in the right place. Those lines are resistance/support lines, and played out correctly.
This is why you chart stuff before trading. Probably gets a bounce with the market, but good possibility it hits my $7.5 target by the end of the month. I'd wait until it gets below $8 if you plan on investing in this PoS. Pretty good chance it goes bankrupt unless the CEO gets a clue.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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.
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