$PTON at Trend-Line Support | It's a Buy

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PTON bouncing off trend-line support around $100, forming an inverse H&S on the 5/15 minute. Also note 15/30min descending trend-line acting as resistance; I am looking for a breakout of that trend-line for a push to $120.



Took a synthetic long STO PTON 105p 11/20 avg $$4.50 + BTO PTON 110c avg $2.10 114c avg $1.30

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ملاحظة

Took my initial off this trade at nearly 100% profits. Looking for more upside tomorrow and potentially next week. Beautiful breakout, retest — it's ready for more.