$PTON


It turned the formation into a triangle and extended the consolidation process. The reason? Of course, the Fed. Because this stock is also an Easy Money Era stock.
The monthly closes I marked with 1 show that the stock couldn’t achieve persistence above EMA21. In other words, it never managed to make the following monthly close. That is one of the conditions for an uptrend.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin