Jan. 14 at 1:23 AM
$PTON $PTON is currently trying to find its footing after some heavy volatility, recently seeing an intraday bounce toward the
$7.00 level. While the stock remains well below its 52-week high of
$10.25, short-term momentum is attempting to turn positive as it trades above its 20-day moving average of
$6.32. Investors are keeping a close watch on the February 5th earnings date to see if the recent cost-cutting measures and CEO transition can finally provide a sustainable trend shift.
Key Levels to Confirm:
🐂 Bulls: Need a daily close above
$7.04 (R1 resistance) to target the next major gap-fill at
$7.50.
🐻 Bears: A break below
$6.51 (Tuesday's low) could lead to a swift retest of the accumulated volume support at
$6.05.
#hovdid
