Hubert Senters here.

Let’s take a look at Peloton on a daily chart. If this thing can get back above the cloud it can potentially go substantially higher.

Now, it’s a big if though just to get above the cloud. They cut the prices to their little close hangers I call them for people that buy them and they’ll use them you just drape close over and that’s a close hanger.

Anyway, if it can get above at $120 area it will probably go substantially higher. So what we’re going to do is we’re going to look at a fib here.

We’re going to go from this low to that series of highs to that low And the target initially will be $127 and then after that $146, $165 and $176.

It has to clear the daily cloud first in order for that to be a valid play. If you’re early the past 3 days you’re happy. So checkout Peloton, PTON and as a potential long for next week for a midterm hold.

I’ve been asked to speak at the Wealth 365 online event. I’m going to HYPERLINK you to the registration page.

I will be showing you how to effectively scan the markets in as little as 3 clicks and it only takes 10 minutes a day to find good trades.

Good luck. Hope it helps. See you on the next video.

Hubert.