PTON - Shift In Momentum In Action ↗️

394
Hello TradingView Family / Fellow Traders,

📈 PTON has been overall bearish trading within the falling channel in red.

PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green.

🏹 For the bulls to assume control and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance.

Meanwhile, PTON would be bearish and can still trade lower.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.