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
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