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PTON trade ideas
PTON - CEO dumped 100k shares Aug 20Earnings is Aug 26th. 1. The CEO just dumped 1/3 (100,000) of his shares Friday Aug 20th, leaving him with 200k shares. 2. Weekly chart - Bearish Head and shoulders pattern. 3. Earnings - Last quarter, they beat EPS and revenue, but guided revs lower for next Q. Most of USA was open during this quarter, probably less sales. I think if there is another lockdown, PTON will pick up in the next quarter. So, if you want to go long, wait for after this ER. $82 area would be good entry. 4. Options flow - There are over 15k $100 puts and some calls in 110, 120 strike. The put call ratio is 1.16 (bearish).
Peloton
Disclaimer/
On average, 90% of all stocks move down with the market, and 75% - up.
The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses
Peloton Interactive, Inc. provides us with non-vital goods - home fitness platforms(In times of economic crisis they are not in great demand).
Peloton Analysis 18.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Inverse Head and Shoulders Earnings 8-26Earnings 8-26 AMC.
Also a cup and handle pattern but there is a lot of commotion on the handle and the handle low has dropped lower due to pull backs. If the handle holds it is now 107.19.
Negative volume remains high on this one. Higher volume noted at head formation which is also the cup low. PTON has broken the neckline twice and a throwback occurred. Price today is close to a possible handle low.
Short interest 8%.
No recommendation.
Tough one as a lot may depend on how long the higher ups decide on keeping the political flu hype going. I am guessing there will be "flare ups" in this country at least until November of 2022. I have seen several articles stating influenza, the old timey flu that that many received a yearly vaccine for, has been virtually eradicated since the new flu came on the scene...so who knows? Influenza like illness has been around for 1500 years with many different strains, so this is truly a miracle! (o:
PTONIn a starter put position and looking to add on a break below the blue line. Target is pink line. Keep it simple.
PTON pennant?If this is a pennant breakdown then target is $102.
Let's see if it bounces like yesterday or stays down
$PTON - Reversal coming ?$PTON - Looking good for calls if bounce above 112 level, if not can drop to 110& 105
$PTON looking ROUGH, but bounce imminent. Stoch RSI on the 65 min chart looks very oversold - once it crosses back up we should see a nice healthy bounce assuming the market cooperates. I took a healthy position on 116c 8/20 exp.
$PTON making bullish signsI missed this stock last year but I think is giving me a second chance with this setup. Bullish divergence with the MACD, while making a head & shoulders pattern; that's a clear reversal sign for me. The price is on the path to making a great breakout. Price above the 200 day MA and the neck line of the head & shoulders pattern. And, would also be a breakout above a flag pattern.
Also NASDAQ:PTON is a clear leader of the Leisure-Service Industry, being rank 2nd by IBD; just behind NASDAQ:CAR , and has a 79 Relative Strength rating. But that's against the market, I plotted the quotient PTON/LIV to see the relative strength against its industry and is being rising since the stock bottomed on early May. AMEX:LIV is an ETF that has +4% allocation of NASDAQ:PTON .
With a buy near $128 I would have a sell target on $154 for a +20%. But, if everythng goes well and that target is reached, I think I would let it run a little further to the resistance level on $168 with a stop on breakeven. I will be counting the up days against the down days to verify that trade.
$PTON Ready to Breakout?$PTON has been struggling lately but, I do see a few encouraging signs. 1. the pattern is tightening into a nice wedge. 2. volume is drying up. 3. seems to be getting support at the 50 Day SMA. The bad? 1. Getting resistance at the 200 Day SMA. 2. RS line is declining and 3. the 200 Day is flatish. However, if $PTON can give us a convincing close above both the short term declining trend line and over the 200 Day SMA I'll be looking to take a long position. All TBD. Ideas, not investing / trading advice.
ptonpton to the moon because i want the tendies
on to the moon because i want the tendies
on to the moon because i want the tendies
on to the moon because i want the tendies
on to the moon because i want the tendies
on to the moon because i want the tendies
PTON target of $139 PTON is testing its trendline resistance and if it breaks and horizontal resistance of 124-127, should go to 139. Looks promising with COVID cases rising.
Only thing pending is volume to go up.
PTONMust keep a close watch on PTON heading into earnings in a few week. Has made a nice recovery after being beaten down on bad news. However in a very difficult spot, as it failed to make a higher high on the daily timeframe, and could be looking for one more move lower to flush retail out before making an earnings run. This is one of the rare times I will look for a hold of the .786 retracement for a bounce. Should it go lower. Completely invalid on a daily close below $113.
$PTON trying to power through vol shelfforming lower high - lot of room upside if it can push over 125 range.
PTON - Inverse Head & ShouldersPeloton is currently hovering around its resistance level. Price could go up or down, but I'm expecting a push upwards due to the strength of the company as well as the inverse head & shoulders that's forming.
US - Peloton - July 2021Analysis
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance trendline with high volume + short shadow.
"Market is always right"
