Aug. 16 at 3:34 AM
$PTON | Peloton Interactive | Consumer Cyclical 🚲
Sellers failing to break
$PTON as price coils tightly inside a macro wedge structure right above primary volume profile support! 💥 Solid buyer response off
$5.43 demand confirms strong floor defense ahead of the
$6.11 trigger ⚡
Fundamentals: Top-tier connected fitness operator expanding high-margin digital subscription channels and strategic retail partnerships.
Technicals: 1w timeframe showing a bullish wedge compression pattern holding firm above baseline moving average support 📊 Stochastic RSI holding momentum in bull territory. Maintaining
$5.83 keeps buyers in full control.
Bull Key Levels:
$5.83 🐂 🔥 | Confirm:
$6.11 🐂 📈 | Extension:
$7.31 🐂 🚀
Bear Key Levels:
$5.43 🐻 ⚠️ | Confirm:
$4.28 🐻 🚨 | Extension:
$2.83 🐻 📉
Stop Loss:
$5.30 🛑
Targets:
$7.31 /
$8.50 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#PTON #optionsflow #stockmarket #technicalanalysis #swingtrading #hovdid