PTON may bit oversold on the short term via /r/wallstreetbets #stocks #wallstreetbets #investing


PTON may bit oversold on the short term

Looking for a 10% move or roughly to 118

Expect movement to occur over a 2 day span

Not in a currently in any positions, hopefully will be able to get a few NOV 27 110 CALLs

  • MACD on the 1H chart has a signal line cross that suggest return to bullish momentum
  • RSI suggest downward move for the next few hours have disappeared
  • STOCH suggest recent price action is more bullish of late
  • BB has stock just pasting the mid band
  • Fib shows potential short term resistance at 116 price level.

https://preview.redd.it/4x8rcxfc3py51.png?width=3840&format=png&auto=webp&s=751b60218a285e330c04ca83bdc2870019483391

https://preview.redd.it/hdol3nb73py51.png?width=3840&format=png&auto=webp&s=b6af64fed3a60fdb54ff021839128461f41b4404

Submitted November 12, 2020 at 12:11AM by leobanksjr
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