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We have positive dynamic during breakout of 7.50 level. Expect the further development according to green up-ward channel.

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Expect rally. Pharma rules! Growth potential target 1 = almost 50%, Growth potential target 2 = almost 100%.

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A spike of red clusters in futures market points at bounce up.

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Price lost its impulse after breakout above green line. Huge decline on background comes into play. Shorts are more preferable.

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“Good performance ... Earnings are higher than expected .... the number of subscribers has doubled…. the company has benefited from the coronavirus ... it will hit 100 soon ... blah blah blah blah blah blah “ In recent days, we have seen an increase in activity on the Peloton Interactive PTON stock market. This activity is primarily due to the profits, which...

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Prepare to breakdown of up-trend-line with that signs of weakness around 50$

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Expect decline and bounce up from 4.3k

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Moreover, fundamentals are not bad.

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Overbought. Expect decline

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1) Red channel in action + 2) Strong price/volume action = Expect 2000

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Long term downtrend is going to breakout upwards

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Volumes tell about FOMO, culminating style. I expect at least pull back

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The trend channel in danger with that potential Distribution zone on background

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New downtrend channel is forming

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Central line is under danger. Too much weakness overhead.

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They should produce an intraday short-term up-trend (bounce up withing bearish trend on higher timeframe)

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Price has more odds of breakdown from ABC triangle. In this case, the bearish move toward point D could develop.

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Note, point 3 is in the middle between 1 and 2. The movement toward line D is looking more realistic now.