$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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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