Updated

PTON pennant?

If this is a pennant breakdown then target is $102.

Let's see if it bounces like yesterday or stays down

Note

LOL, I think it gets a bounce around $100, PTON traders seem to like $5 intervals

Trade closed manually

Closed this out on the open dip because NQ went oversold...

Could still tank but I'm not betting against the market. Will keep an eye on it, it should hit my target

Trade active

Looks like a reversal, though it may gap up and reverse tomorrow instead. Grabbed a few puts again with profits only.

Note

NLS got hammered on guidance yet this turd popped up on open because the algos pumped the crap out of retail, lol. I added, but might wind up being a day trade at this point

Trade closed manually

Tired of watching this garbage, lol. Market still pumping reatil so taking the $2 drop and cashing out

Note

This would have been a big win if the algos hadn;t decided to pump the crap out of retain today, big sector rotation. If XRT breaks out tomorrow, PTON will go up. Earnings next week though....

Anyways, gonna look for a different play. I bet this crap hits my $102 target on earnings next week.

Note

Considering how badly NLS got crushed, this garbage should have dropped $5 today, but when the market gets pumptarded, it gets pumptarded.

Note I posted that RTY (small cap futures) went oversold premarket

Note

Realized PTON is trading with QQQ and ARKK (same intraday chart pattern!), not retail. Short at will, lol.

hungry_hippo

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hungry_hippo