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jcrutcher

PTON Approaching Long Resistance

Long
Peloton Interactive, Inc. (NASDAQ:PTON)  
jcrutcher Updated   
NASDAQ:PTON   Peloton Interactive, Inc.
Trend Analysis Chart Patterns
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PTON is one of those companies I see being an outperformer in the coming years. Fitness is becoming more and more popular and COVID has caused more people to look into home workout equipment. I'd like to see it over $127.98 and hold. This will be a 2-2 reversal on the quarterly and 2-2 continuation on the monthly. First PT is 152.51 or a reversal on the weekly.
Comment:
Moving up nicely to resistance. Maybe see a 2-1-2 continuation to push it through $127.98. I'll wait for confirmation of price action before I buy at/slightly above this level.
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