Peloton Interactive, Inc. (PTON)
By Wed, Jun 17, 2020
Hey there,
JC here with our Chart of the Week (and a special bonus for you).
We had our monthly members only conference call yesterday for All Star Charts Premium.
One pick that really stood out to us is today’s chart of the week, Peloton Interactive, Inc. (PTON).
Now, internet retailers are looking much better than traditional retailers right now for obvious reasons.
But what I really love with PTON is this beautiful base.
If the stock gets to $50, we’re seeing a completion of this base.
Which is why I love PTON if it’s ABOVE $50.
If it drops back below $50, we’re out.
But above $50, we’re long with a target of $68 — the next Fibonacci extension.
Now, for that special bonus…
Our monthly conference call is a member’s only benefit, but this month’s call was so powerful, so useful, that I wanted to share it with you.
So I’m inviting you to watch it in full.
The ASC premium conference call is a solid hour of nothing but trade opportunities and chart analysis.
Just click this link to watch the monthly members call now.
Til next week, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
