Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Stay-at-home stock that's strong relative to market
-April 24 2020: Peloton Attracts a Record 23,000 People to Single Workout Class / breaks record
-May 12 2020: Citron out with tweet that says PTON is overvalued
-Jun 15 2020: At home stocks / COVID stocks doing well on fears of second COVID wave
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Levels: 55, 56.5, 58
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 56.5 level
Confluence: Half $, 15m MS
Strike Zone: 56.7 - 56.4
Sizing (lots): 3
Risk (stop / Rs): Hold below 56.5
Review / Lessons Learned
Took a starter before the strike zone but PA never tested inside the SZ so I simply scaled out my starter above 57.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-25 11:29:34 | PTON | buy | $56.740 | long |
| 2020-06-25 11:29:34 | PTON | buy | $56.740 | long |
| 2020-06-25 11:30:17 | PTON | sell | $57.040 | long |
| 2020-06-25 11:30:17 | PTON | sell | $57.040 | long |
| 2020-06-25 11:30:20 | PTON | sell | $57.070 | long |
| 2020-06-25 11:30:29 | PTON | sell | $57.080 | long |
| 2020-06-25 11:30:29 | PTON | sell | $57.080 | long |
| 2020-06-25 11:30:29 | PTON | sell | $57.080 | long |
| 2020-06-25 11:30:29 | PTON | sell | $57.080 | long |
| 2020-06-25 11:30:29 | PTON | sell | $57.080 | long |
| 2020-06-25 11:31:34 | PTON | sell | $57.040 | long |
| 2020-06-25 11:32:04 | PTON | sell | $57.050 | 0 |
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