$PTON - RC - WATCHLIST
Added 2023-07-29 19:50:24 +0000 UTCBroken down from a our bull flag but now in a bullish descending triangle now, both formations are equally as bullish as the other. But lets delve deeper, we can see that the pull back hit exactly on the 50 Day MA, the bottom of the trend line and at the 0.618 Fib level......3 bullish supports. We have to be happy with what we see here.
Break out of the wedge here and this could run fast, the next test would be the 200 Day MA, a flip here to support and the impulse wave is confirmed and the risk is off.
One to watch.
