PTON Peloton is an American exercise equipment and media company and its main product bicycle and treadmill allow its monthly subscribers to remotely participate in classes that are streamed from the company's studio. This service allows the company to benefit from the pandemic as people are restrain or cautious to go out and attend physical gym classes. The price of PTON have skyrocket from $20 per share to $154 per share since March 2020.
The price of PTON has been consolidating on the support area 139.84 as well as the 50 EMA and currently has the signs of moving up. A small position can be opened at the current price level. The volume of PTON had also shown a little spike on the close of 12/02/2021. The MACD also shown that its going to crossover. The first resistance is at 171.50. After it break above the resistance 171.50, the target price will be 192 and 224
Resistance: 171.50
Support: 139.84, 118, 96
*This is not an investment advice and just my opinion* *Trade at your own risks*
Trade fechado manualmente
PTON had dropped below the support line, price might find support on the next support area 120, 100. Positions are closed.
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