I get it, Peleton is a hot stock and seems like a great product during the 2020 pandemic/ Bullmarket boogaloo. But, if you heard about a stationary bike company that was valued at 40 BILLION dollars any other time you would not want to become a new investor. I expect this stock to continue to do well this December due to Holiday shopping season and Fed QE . But, as the world population becomes vaccinated and Life returns to some sort of normalcy, this should slowly fade away. Of course the market is always forward looking, so I expect a pullback from a double peak chart pattern in January.
TA interpretation + Personal Opinion = not investment advice*
Best of Luck!
TA interpretation + Personal Opinion = not investment advice*
Best of Luck!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.