Dec. 10 at 4:47 AM
Actionable Trade Alert for
$PTON:
Market Context:
$PTON is currently trading at
$6.77, with an RSI of 42.8 indicating a neutral market sentiment. The stock is below its 30-day moving average (MA30) of
$6.98 and 50-day moving average (MA50) of
$7.31, suggesting a potential bearish trend. However, the price is above the 60-day low of
$6.29, indicating some support.
Directional Bias: The RSI indicates room for upward movement, while the proximity to the 60-day high of
$9.2 presents a potential upside. The ATR of 0.32 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$6.80 (slightly above current price to confirm upward momentum)
- Stop Loss:
$6.50 (to limit downside risk)
- Take Profit Targets:
1.
$7.20 (Target 1 - 5.9% ROI)
2.
$8.00 (Target 2 - 17.9% ROI)
3.
$7.95 (Target 3 - 17.5% ROI)
This trade plan aims for a minimum ROI of 17% on Target 2 while managing risk effectively.
https://privateprofiteers.com
