Greetings Investors,
I’ll bullish on PTON based upon the following:
Bullish Factors:
1. Strong uptrend since May 2020, with classic pullback and bounce from 38% FIBO.
2. PTON has pulled back between the monthly (blue) and quarterly (orange) EMA, a classic buying zone.
3. PTON has been rejected at $168, which is the current resistance and first target.
4. If PTON breaks through resistance with strong bullish volume, then the next target is $215.
5. RSI has fallen to a safe-level at 47.92, which I interpret that PTON has room for future momentum to the upside.
Strategy:
1. Consider the OTM 19 Feb $150C or $160C.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I’ll bullish on PTON based upon the following:
Bullish Factors:
1. Strong uptrend since May 2020, with classic pullback and bounce from 38% FIBO.
2. PTON has pulled back between the monthly (blue) and quarterly (orange) EMA, a classic buying zone.
3. PTON has been rejected at $168, which is the current resistance and first target.
4. If PTON breaks through resistance with strong bullish volume, then the next target is $215.
5. RSI has fallen to a safe-level at 47.92, which I interpret that PTON has room for future momentum to the upside.
Strategy:
1. Consider the OTM 19 Feb $150C or $160C.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Trade active
BTO 19 FEB $160C
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.
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.