PTON, Almost ready for a pull back

Oct 9, 2020

Parabolic it has gone, it can't go up forever, what comes up must come down. The chart looks like BTC did when it touched 20k, I'm not saying its gonna go down 70%, but a 10-15% pull back is a reasonable expectation. I liked the down move yesterday but it was bought right back up today. It won't last forever, and as the Stoch RSI begins to top out, it could roll over as soon as next week. See how it does at the $120 level, I like the $100 level as support for a healthy pull back/ profit taking and the $90 level if the overall market takes a dip in the coming weeks.