Chart Analysis: $PTON – Pitchfork Breakout

Chart Analysis: $PTON – Pitchfork Breakout

Watchlist Stocks

$PTON – 11/30/20

This stock had a great run up as one of the “stay at home” plays. Has pulled back recently but looks ready to make another run up. RSI divergence and breakout from pitchfork. Pitchforks are new for me and slightly subjective (as are many indicators) but let’s see if it works. I have my money tied up so I can’t enter, but this could be a good entry. Will track just to see if it works.

Potential Entry: $115
Initial Price Target: $130
Stop: $107

$PTON - RSI Diverging From Trend by CCInvesting on TradingView.com