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PTON is Headed Here Next

Hubert Senters here. Let’s take a look at Peloton, PTON is the ticker symbol. You’ve got one day above the cloud as of this Friday. It’s probably going to bounce a little bit. Let me show you what I’m talking about. So usually a good test of anything that moves around a chart trading or investing. You can do some data analysis on. You could go from the high the move to basically the low the move which is right in there. Each should test $125 to $136. That’s where it should go. If it doesn’t it’s weaker than we actually think it is. So if you look back here it did the same thing in this situation where you had a nice little run on Peloton. Just gravitate on this stuf after you look for this for a while so. If I grab a fib tool and I will go say low here. Let’s just go right there to that low to this high and then you can see that here. That’s a 50 percent retracement in almost to the $60 but not quite and then it bounced out of there. You’re doing the exact same thing this time instead of going from low to high. You’re going from high to low and you’ll see those numbers show up again. So high to low. It’s going to that $50 and it’s really common for things to do and just kind of like don’t line in the sand that you can test to see if things are going to go higher or if they’re just going to kind of fade away and roll back over. I’m going to be doing a live webinar on How to Make $1,000 or More Risking Only $156.25 Wednesday, June 16th at 2PM EST. Click this button right here. First name, email and mobile phone number and I’ll text you to let you know and remind you to show up to the webinar. Good luck. Hope it helps. See you on the next video. Hubert.
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