$PTON Peloton Falling Knife Catcher or Buy the Dip Opportunity?
Much like Zillow, PTON continues to follow similar price action over the past year and just fell through a key support level at $50. It made a H&S pattern longer term earlier this year which will take this stock down to $20 if it were to fully resolve. Next key level of support is $35, then to $20 thereafter. Should be able to take advantage of some strong bounce plays between now and then on this one.
