Dec. 19 at 5:33 PM
Actionable Trade Alert for
$PTON:
Market Context: Currently,
$PTON is trading at
$6.25, below its 30-day moving average (MA30) of
$6.77 and 50-day moving average (MA50) of
$7.05. The RSI at 37.61 indicates that the stock is in the oversold territory, suggesting potential upward momentum. The recent price range shows a 60-day high of
$9.2 and a low of
$6.11, indicating room for recovery.
Directional Bias: The combination of a low RSI and trading below both MAs suggests a potential bullish reversal.
Trade Plan:
- Suggested Entry:
$6.30 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$6.10 (to limit risk)
- Take Profit Targets:
1.
$7.00 (11.11% ROI)
2.
$7.50 (19.05% ROI)
3.
$7.35 (17% ROI)
This trade plan provides a clear path for potential gains while managing risk effectively.
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