$PTON at Trend-Line Support | It's a Buy
PTON bouncing off trend-line support around $100, forming an inverse H&S on the 5/15 minute. Also note 15/30min descending trend-line acting as resistance; I am looking for a breakout of that trend-line for a push to $120.Took a synthetic long STO
PTON 105p 11/20 avg $$4.50 + BTO PTON 110c avg $2.10 114c avg $1.30Note
Took my initial off this trade at nearly 100% profits. Looking for more upside tomorrow and potentially next week. Beautiful breakout, retest — it's ready for more.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.