PTON Trade Idea

11/Jan: nice comeback from 20 MA
relatively lack of volume

Case 1: (Time Frame to 2~3 weeks)
(A)Monday first break even resistance on 162
(B)expecting pull back to 10 MA to complete handle
(C)the CUP HANDLE formed after reclaim ATH Line
(D)(E) Need volume+Catalysis to extend the uptrend
Action item: Call Opps on pull back to 10 MA

Case 2: 3-C forming (1~2weeks)
Consolidate between 162-154 with low volume
breakout with volume
Action item: Open Call with tightest price date

Case 3: Start uptrend from Monday🤷‍♂️