Ptonshort — Trading Ideas on TradingView

Peloton remains a short.Peloton - 30d expiry - We look to Sell at 12.98 (stop at 14.41) The primary trend remains bearish. This stock has seen poor sales growth. The trend of lower highs is located at 13.15. The previous swing high is located at 13.35. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 9.41 and 9.01 Resistance: 12.15 / 12.75 / 13.35 Support: 10.19 / 10.00 / 9.30 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.

Peloton: Anddddd back down Peloton Short Term We look to Sell at 10.90 (stop at 11.76) Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies. Our profit targets will be 8.94 and 8.30 Resistance: 11.30 / 14.70 / 20.00 Support: 8.70 / 5.00 / 2.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.

PTON Peloton consolidation area After the price target from the last PTON idea was perfectly touched: Now i see the stock consolidate in the $30 - $39 are before the important announcement of a takeover maybe. Looking forward to read your opinion about it.

PTON Peloton potential takeover by Amazon ??Amazon has reached out Peloton about a potential deal. The Financial Times said Nike is also considering a bid. Peloton's market value is around $8.1 billion, down from its high last year of $50bn. Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support. My price target is 37usd. Looking forward to read your opinion about it.

PTON Peloton Buy area after a Massive Head and Shoulders The price target of the massive head and shoulders bearish chart pattern was reached yesterday. Insiders sold around 500Mil worth of shares last year. PTON went lower than its IPO price, $29 and is now trading in a consolidation area. the price is not yet safe in that range. My buy area is $18 to $24.5 Looking forward to read your opinion about it.

PTON Short Entry Oh Pelaton. What a ride you had :) This stock started last year (2020) at around $27 a share, rising up to $170 just 12 months later. It's time for a correction. And, although I'm not a fundamental expert/trader, I believe there's a case to be made here. First, let's look at the charts. Technical Basis - Daily Chart Let's start with the Daily chart. There are quite a few things happening right now in this chart. Let's start with the moving averages. The first red arrow below points to the crossing of the averages. With the 200 period on top and the 20 period on bottom, we are in a perfect situation to enter a short trade. Next, we have the diagonal trend line that'd been respected for a few months now. We're right at that level, with the Stochastics up in overbought territory. Great second sign of a solid short entry. Going on, we see a bit of a support/resistance zone around $100 (my line is at 99.88). Price has respected this a bit, and we're back at that level. On the short side, this is a bit of a break and retest entry, and I am expecting this to fail downward. Finally, my favorite part is that the horizontal support/resistance line is currently crossing the trend line. This is a great place to enter a trade. When two of my lines cross on a chart, its a confluence of lines, and likely to be a point where price bounces. Technical Confirmation - 4H Chart For furher insight, I pulled up the 4H chart. Now, this isn't a perfect entry or setup by any means, but it's decent confirmation. Price has tested the upper Bollinger Band, and Stochastics are in overbought territory. Again, a great place to enter as the current candle is showing a reversal pattern together with the previous two. Fundamental Thoughts As mentioned, I don't look deeply at balance sheets or company politics. Fundamental investing is not my game, and I don't pretend to be good at it. However, there is one thing that comes to mind. The pandemic is getting better in many countries, and people are beginning to go outside. Gyms are re-opening, people can run/bike outside, and although Pelaton built a huge customer base, I don't think purchases and revenue will rise at such rapid rates. Just my two cents there. My Trade So, there are many ways to get into this trade to make money. You may not be able to short the stock, and that's okay. I often don't short stocks myself. Instead, I'm going with a Vertical Put Spread option on this one. I am doing a 18 Jun 21 spread at 97 and 94 strike prices. The premium I paid came out to $90/contract, with maximum gain of $220 (not including commissions). My breakeven point at expiration is just about $76 for PTON.

PTON 7-Month Head and Shoulders Pattern Formation I have been monitoring PTON for a little while now and recently bought some puts on the stock. There is a massive Head and Shoulders pattern that has been formed over the course of 7+ months, starting in late September 2020. This stock was looking bearish when I opened the puts, as can be seen with the MACD crossover and many other indicators. The H&S chart pattern and the sell signals from a multitude of indicators coupled with the recent concerns about the safety of Peloton treadmills provides a golden opportunity for investors looking to make some money on the strong downtrend that this stock will potentially experience. Currently, I am waiting for the breakout below the neckline for confirmation of the H&S pattern to open some more put positions. I will update this idea with more information as price action continues to flow. Please like this idea if it was helpful and let me know how I can improve my ideas! I am always looking to better my techniques and analytical skills, so I welcome any constructive criticism. I will be posting many more ideas in the future, so consider following if you would like to see them. Happy trading, everyone!