Aug. 19 at 10:23 PM
$PTON | Peloton Interactive | Consumer Cyclical 🚴
Bulls battling to lock in a key support hold on
$PTON as price tests the pivotal
$5.70 demand node! 📈 Buyers defending the
$5.40–
$5.70 volume profile shelf right where key ascending trendlines intersect ⚡ Peloton continues executing software subscription model pivots and cost restructuring efforts 🌐
Fundamentals: Connected fitness pioneer scaling subscription revenue streams and strategic hardware retail distribution.
Technicals: 8h chart printing a pivotal trendline & volume shelf retest above baseline support 🎯 Reclaiming
$6.13 clears overhead supply for an expansion push toward
$7.02 and
$7.71 targets.
Bull Key Levels:
$5.70 🐂 🔥 | Confirm:
$6.13 🐂 🚀 | Extension:
$7.02 🐂 💥
Bear Key Levels:
$5.20 🐻 ⚠️ | Confirm:
$4.50 🐻 📉 | Extension:
$3.88 🐻 🚨
Stop Loss:
$5.35 🛑
Targets:
$7.02 /
$7.71 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid