PTON on watch

Dec 1, 2020

Just broke above resistance. Would prefer an entry on a slight pull back to the bottom of the box. Could also enter on break of the top of the box. Risk would be close back below box. Targets are the dotted lines.

Dec 2, 2020

Note

No go today. Will watch for price to reclaim box. An aggressive trader may take it off a dip below the lower trend line then reclaim. I would prefer a break above the box.

Dec 2, 2020

Note

PTON moving above box. Trade active.

Dec 3, 2020

Note

Held as it just clung to the bottom of the box. Wil have to close if it opens weak tomorrow.