PTON trade ideas
PelotonSome price movement option.
H&S and price with the time will fall down?
Or bullish trend with new price level?
High Probability Trade - Potential 20%+ UpHi traders, this is my first idea ever on Peloton even though I have been watching it for months but never had the guts to buy it considering how far it ran already. The selling pressure on this stock was heavy in recent weeks until it found support around $94 which was the support back in November 2020 making it a double bottom.
The stock then recovered and managed to break above the short term down trending line and close the week above it (purple color in chart). This should give us confidence to enter long trades targeting the 50 DMA ultimately in the coming weeks. There are milestones in between to take partial profits derived from the Fibo retracements and support/ resistance levels. You may enter the trade on market opening and target the following:
- TP1 @ $126
- TP2 @ $132
- TP3 @ $140
This gives us potential 20%+ trade with low risk. Stop loss can be placed below $100 as per your risk management.
I suggest closing all positions around the final target at $140 as there is a probability the stock would form a H&S pattern if rejected from the area meaning the stock can potentially fall hard and break the $94 support in the coming months.
Please share your thoughts in the comments. Thanks for the support!
PTON PT: $76PTON broke its long term support last week.
It looks like it bounced right off the .50 fib and is looking to test its old support which would be its new resistance in the short term at the .618 fib.
I don't expect it to break, once clear confirmation on bounce off the resistance at .618, I will be shorting PTON to 76.
$PTON - Ascending Triangle PTON forming ascending triangle on the 1 hour timeframe. Short term PT: $121
$PTON Peloton Interactive Trade Setup
RSI in reversal
Stochastic bullish crossover
200MA support
Fixed Range POC support.
Potential long above volume shelf $116.50
Target price $123.40 Fib Resistance
$127.00 20MA
$PTON Big Doji candlestick suggests Bounce to 130-132 Over sold indicators supporting Friday Big Doji candlestick around 105 . Above 98 Short-term suggests bounce to 130-32 then consolidation or other pullback lower than 93. Battle ground around 123
Resistances: 115.2 - 123.4 - 130-132
Supports: 98 - 93 - 85 Stops for longs.
Buy Zone and Target for Peloton $PTONMy Buy Zone and Target for Peloton $PTON
(Not financial advice)
PTON 3day oversold target for longThere are a hand full of prior high flyer names I will be charting, that look like 3day oversold conditions are solid targets for scaling into long positions.
Indicator to calculate relative price level for == 30rsi , is RSI LEVELS
Thanks.
$PTON Support + 200MAPeloton has been selling off aggressively and fallen to the support which seems to be holding. It also tested the 200MA today.
*btw their website traffic is up over 100% in January compared to October
PTON long on Precor acquisitioin If the basis is that people were working out home that's why Peloton has been up, I would asked you to challenge that notion based on their acquisition of Precor who makes most of the treadmills, ellipticals and other equipment you can find in your favorite gyms and rec centers.
Decent support area shows consolidation as well and this serves as a pullback area to get back in on a stock has been moving successfully.
MACD isn't the best looking but still where it will be okay
Keep in mind that the basis of these analyses and trade or hold concept rests heavily on risk management so a decent reward/risk ratio of 1.75 means that even if we are wrong on both fundamentals and technicals, overall the loses are collectively less than the wins.
PTON - Desceding Triangle with Positive RSI/MACD DivergenceConsider buying around the base of this descending triangle (~145). Divergence on MACD/RSI implies breakout above. Use a tight STOP (low for the base).
PTON FORECAST Recently bought to open a position in PTON 04/16 150 C. PTON looks ready for another impulse!
PTON trend bounce?Looks like PTON is primed and ready for a solid trend line bounce, we bounced off oversold levels on the RSI, showed now weakness in the A/D, and we are also sitting a sold Fib levels which i lay out in the video. Overall i think this is a great dip to buy here for PTON NASDAQ:PTON
$PTON showing signs of reversalHolding well above last week's low. Sellers tried this morning and failed to take lower. Could test 126.5 tomorrow on volume.
PTON buyers holding the 150 dayPTRON is holding the 150 day nicely. Even though that's the case I don't see much conviction from buyers. I'm expecting some chope before a move.
$PTON Long bullish divergence is clear but tech is still selling off/correcting so not sure how this will play out next week, but safe entry when 9EMA crosses over the 21EMA (green over red).
My ideas only, not trading advice.
