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Peloton Interactive, Inc.
Short
Updated

Last Hope for Investors to Get Out In My Opinion - Sell It

322
(Opinion Only) - Bear Flag at resistance.
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Trade active
Short since 93.30 level; added to short here at 92.20ish level.
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Sure looks like it's going back down into the 80's very soon.

(Sell the rips)
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Breakdown
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Trade active
I lean towards the "don't trust it".
Gap fill around $89 likely very soon.

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Two scenarios how this move could play out:
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Trade active
Short -

Rejecting at the 20dayMA - Continued weakness next week if doesn't close above it today IMO.

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Trade active
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Trade active
Thoughts on potential moves.

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Negative/bearish divergence on the RSI.

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StockPickingEnthusiast
Chart PatternsFlagptonTrend Analysis

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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.
Chart PatternsFlagptonTrend Analysis
StockPickingEnthusiast

Disclaimer

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.