Peloton (PTON): Can Bulls Ride Toward $17?
Peloton is showing signs of life after months of consolidation. With price action breaking above the $8.00 resistance and forming a bullish pattern.
The breakout above $8.00 confirms bullish intent. A sustained close above $8.00 could attract swing traders and institutions. A breakdown below the pattern's lower trendline would invalidate the setup and suggest a return to range-bound behavior.
Peloton’s chart is offering a clean bullish setup with well-defined targets. While $10.20 is the first hurdle, the structure hints at a possible run toward $13.00 and even $17.00 if momentum builds.
🎯 Target Zones
$10.20
$13.00
$17.00
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Peloton is showing signs of life after months of consolidation. With price action breaking above the $8.00 resistance and forming a bullish pattern.
The breakout above $8.00 confirms bullish intent. A sustained close above $8.00 could attract swing traders and institutions. A breakdown below the pattern's lower trendline would invalidate the setup and suggest a return to range-bound behavior.
Peloton’s chart is offering a clean bullish setup with well-defined targets. While $10.20 is the first hurdle, the structure hints at a possible run toward $13.00 and even $17.00 if momentum builds.
🎯 Target Zones
$10.20
$13.00
$17.00
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.