Peloton Stock Analysis | Time to Buy or Sell PTON? 5-11-21

Peloton Stock Analysis | Time to Buy or Sell PTON? 5-11-21

Video Chapters
Peloton Stock Analysis | Time to Buy or Sell PTON?
0:00 Is It Time to Buy or Sell PTON?
1:10 Sector and Stock Market Analysis
2:20 Risk-Reward and Trade Potential
3:13 PTON Chart Review
4:06 Conflicting PTON Stock News
4:45 Is the Smart Money Buying PTON Again?
6:05 How Pro Traders Buy Stocks
7:00 Tape Reading Lesson
7:55 How to Spot the Right Price Action
8:15 PTON Price Levels
9:00 PTON Candlestick Analysis
10:40 Getting the Optimal Entry for Swing Trades
11:10 Trading Versus Chart Reading

SWING

TOP STOCKS TO BUY NOW

NEW: Peloton Stock Analysis. Is it time to buy or sell PTON stock, May 2021? PTON stock declined heavily on bad news prior to yesterday's stock market selling, so investors already had reasons to dump the stock.

The bearish order flow fueled by the Peloton treadmill recall gave us an opportunity to develop a Peloton stock forecast for
swing trading. Is PTON one of the best stocks to buy now? No, but we can build an argument for why I'm considering a new position.

I give my price levels for PTON and the price action I need to see in order buy and hold the stock, and how I plan to add shares.

Peloton: A Unique Buying Opportunity Amid Major Treadmill Safety Concerns
Summary: Peloton’s stock is now down around 48% from its all-time high of $171.09 in January 2021.

The company continues its robust growth story with Q3 2021 results of 141% YoY increase in revenue and 135% YoY increase of Connected Fitness Subscription.
Source:

Pete Renzulli
 

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