Key area repectedI dont trade pair but i like to mark it and play around with this pair. We have reached a key area now.
PTON trade ideas
my first PTON analysis in a while! PTON double bottom bounce + down trend breakout is in?
This tells me bulls are clearly still in control and want to take this back to recent highs, adding at these levels is still pretty decent risk reward but of course it can always take a dip so trade with caution.
$PTON Possible Swing Idea | Not Financial AdviceSwing trade possibility. The RSI is below 50 for #PTON. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 88.044 and 101.7626).
Earnings coming 11/4, so be aware.
It held the previous May lows around that $81 range, still consolidating, but looks like it could pop higher to $100-$105.
If it breaks down, bail under $85 for a small loss. Be careful with earnings.
Not financial advice, just sharing what I see. Just a possibility.
Cheers! -E
TRADE JOURNAL (#4): LONG PTONNASDAQ:PTON :
This trade is purely technical and focuses solely on price action and Fibonacci. The stock seems to have retraced to its 61.8% retracement after a strong bullish surge that indicates a potential HH sequence. The price suggest that markets may start to consolidate for a few days before the next leg up.
S/L is placed relatively tight; placed under a bearish wick below the 78.6% retracement. If S/L was hit, would re-enter a buy trade at that price with a wider S/L.
T/P is placed at 2 levels, the 1.618 Fib ext and 2.618 Fib ext. Would take out 1/2 of the trade at each level. Closing the full trade at 2.618 Fib level. But will depend on market sentiment in the coming weeks.
( The stock has a good product in the fitness industry and as more people are becoming more health conscious, this stock seems to be a good buy in this sector.)
$PTONIn its most recent quarter, Peloton reported 2.3 million connected fitness subscribers. These members purchased a Peloton exercise machine and paid $39.99 per month to access Peloton's live and recorded exercise classes.
Overall, subscription revenue totaled $281 million in the fourth quarter.
Compare that to Peloton's total revenue of $936 million in the quarter, and it shows the bulk of its sales come from products.
That could be a challenge for the company because the products it sells can last for several years. That means once Peloton saturates its total addressable market -- estimated by management at 75 million households -- its sales could drop off significantly.
Peloton would then have to rely on existing customers upgrading older machines every few years.
The good news is that the subscription side of the business will bring in recurring revenue at higher margins. Indeed, the gross profit margin of the subscription business was 63.3% in the latest quarter compared with 56.8% a year earlier. And there is the potential to increase prices on subscribers over time as the company adds content. There is also the potential to improve the gross margin on the subscription segment as Peloton adds more members.
The cost of creating the content will be roughly the same, but it will be spread out over a larger audience.
Peloton has taken a big hit over the past month moving from $112 down to the mid $80s but in saying that, It looks like it’s found some support on the daily chart.
Whether it will hold or not, that’s another question.
Only time will tell.
Going into next week this should be on watchlist.
If price is able to hold it gives a good opportunity for a long but if it breaks below support, it also gives a good opportunity to go short.
Keep your eyes on this one.
Watchlist this.
PTON better start pedallingPTON- what an awful looking chart- for bulls, this needs to make a bounce rapidly at this prior key support. Upon further downside, 90 and 88 are serious respect zones- watching for a hard bounce off these levels and I will take some long- bearish under 92 while being aware of lower PT's to lock profits- if no respect shown to lower pts, will see 88.75 and 84. Bullish confimation for continuation over 94.5
strategy for PTON friday 09/24/2021(PTON buy price 97.00)
(PTON sell price 92.00)
strategy: it has an inside bar on the daily chart. the bullish entry must be above the maximum of the closing candle of the daily chart 96.57 the buy price and the mv200 on the 5mn chart.
for the bearish entry: if the opening starts below the sell price and low of the closing candle on the daily chart 94.01, we expect a retest in the mean 9 or 10 period on the 5mn chart. the signal may be an inverted hammer or doji. for entry down place the stop on the previous candle.
PTON Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
$PTON Peloton Interactive Potential Gap Fill
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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PTON meeting some support, but still has the $100 gamma wall PTON meeting some support, but still has the $100 gamma hedge wall to break. I am playing some short term vertical put spreads and will roll if needed. I think we float around and base while we test and try to beat down and possibly eventually squeeze through the $100 level gamma.
Tell me your thoughts!
