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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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.