Dec. 25 at 3:37 PM
Actionable Trade Alert for
$PTON:
Market Context:
$PTON is currently trading at
$6.11, showing signs of potential recovery after hitting a 60D low of
$6.05. The RSI at 36.36 indicates that the stock is nearing oversold territory, suggesting a possible upward reversal.
Directional Bias: The stock is below both the 30-day MA of
$6.61 and the 50-day MA of
$6.95, indicating a bearish trend. However, the proximity to the recent low and the low RSI suggest a potential bounce back.
Trade Plan:
- Suggested Entry:
$6.15 (slightly above the last close)
- Stop Loss:
$5.85 (to limit downside risk)
- Take Profit Targets:
1.
$6.50 (approx. 5.7% ROI)
2.
$6.85 (approx. 11.4% ROI)
3.
$7.15 (approx. 16.9% ROI)
With a focus on the potential for recovery and a favorable risk-reward ratio, this trade offers a solid opportunity for profit.
For more insights, visit https://privateprofiteers.com.
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