$PTON at Trend-Line Support | It's a Buy
$PTON bouncing off trend-line support around $100, forming an inverse H&S on the 5/15 minute. Also note 15/30min descending trend-line acting as resistance; I am looking for a breakout of that trend-line for a push to $120.
Took a synthetic long STO $PTON $105p 11/20 avg $$4.50 + BTO $PTON $110c avg $2.10 $114c avg $1.30
Took a synthetic long STO $PTON $105p 11/20 avg $$4.50 + BTO $PTON $110c avg $2.10 $114c avg $1.30
Komentarz:
Took my initial off this trade at nearly 100% profits. Looking for more upside tomorrow and potentially next week. Beautiful breakout, retest — it's ready for more.