$PTON mean reversion / bottom fishing

٢١ ديسمبر ٢٠٢١

Aim is to play a potential QQQ rally after it undercut the $379 low from 12/3 yesterday

Good ~3 rr ratio if breaks above ~$43 could go back to the 50 d sma and 0.382 retracement of the down leg at ~$60

CRWD and DOCU are also interesting plays in that perspective