🔸️Ticker Symbol: $PTON timeframe: 4H 🔸️2X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: So many reasons to play it short with $PTON; no one from the company has bought in their own company, at all this year. The last 4 of 5 ER were a loss; regardless of the deal with AMZN, this report (from last quarter) is likely not going to have a great outlook. From a technical analysis view point, our trendsi dashboard we are clearly over extended, and we have divergence with our money momentum indicator. I know ER can be a 50/50, but I'd follow the money and go against this stock, in my humble opinion (not financial advice).
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: So many reasons to play it short with $PTON; no one from the company has bought in their own company, at all this year. The last 4 of 5 ER were a loss; regardless of the deal with AMZN, this report (from last quarter) is likely not going to have a great outlook. From a technical analysis view point, our trendsi dashboard we are clearly over extended, and we have divergence with our money momentum indicator. I know ER can be a 50/50, but I'd follow the money and go against this stock, in my humble opinion (not financial advice).
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.