Peloton showing testing of its support levels.
PTON
In danger to falling under its bull upward pattern. Volumes have been decreasing steadily so i would like to see this keep going but i feel like it has reached its top price of 139-139.90.
Support at 126.50-127 and if it breaks lower, it could test 125-123-120.
For short term traders, this would not be good but for the long term investors, a great entry would be any price under $120 imo.
Curious to see how this plays out.
Impeccable run byPTON thus far!!
PTONIn danger to falling under its bull upward pattern. Volumes have been decreasing steadily so i would like to see this keep going but i feel like it has reached its top price of 139-139.90.
Support at 126.50-127 and if it breaks lower, it could test 125-123-120.
For short term traders, this would not be good but for the long term investors, a great entry would be any price under $120 imo.
Curious to see how this plays out.
Impeccable run by
PTON thus far!!
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