$PTON has taken off today after appointing a former Ford Executive as CEO and former Apple Fitness+ Co Founder and the market loves it.
It has broken out of this descending wedge at $3 and has simply rocketed up to $9.....clearly many people were aware that a positive announcement like this would be made because many were buying and they also reported a miss in earnings.
Market may believe that $AAPL could acquire $PTON now while it is valued at $3.1 Billion
If you are not in this already, I think it has run to fast, a pull back and hold at $6.66 would be the entry level.
Pattinson
2024-11-21 02:45:21 +0000 UTC