With earnings this upcoming week, its sink or swim time for Peloton with potential 7 months head and shoulders top.
Stock is in a serious risk of entering stage 4 distribution phase. A decisive break of neckline support around $95 should confirm the breakdown. Subsequently, a decisive close back over $125 (above right shoulder), should re-affirm the stock uptrend and trigger the next leg higher.
Stock is in a serious risk of entering stage 4 distribution phase. A decisive break of neckline support around $95 should confirm the breakdown. Subsequently, a decisive close back over $125 (above right shoulder), should re-affirm the stock uptrend and trigger the next leg higher.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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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.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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.