THE INDICATOR | Market Sniper 🔥
Chart in the Spotlight #1
Thanks for tuning into THE INDICATOR! Here is our Market Sniper chart in the spotlight.
A community of traders & investors on a mission to snipe the markets.
Peloton Interactive, Inc. (PTON)
There was a -96% correction from the all-time highs
The correction since the ATH’s lasted about 131 weeks or 2.5+ years
Longer-term bullish divergence that lasted 66 weeks or 1+ year
200 Week Moving Average is at $51
Massive 28% gap at $86
Looks like a double bottom
Pending buy signal on the weekly chart
Bullish MACD crossover
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Disclaimer
The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational purposes only.
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