MY 1st LEVEL: 112.50
WHY: Annual pivot and prior low. It closed close to highs days in a row and you see what it did.
MY 2nd LEVEL: 114.16
WHY: 20d. Which is a 50-60% retrace from today's move. This level may be a starting point for me.
As per my PriceCatch Trading System a long trade opportunity is now on in PTON. The signal coming on 2H time-frame is very significant.
Entry price would be below 113
SL 90
TP 1 = 139.00
There is high probability for the stock to reach target than hitting SL. Will continue to monitor the movement. Idea for my reference.
