The Long Investor
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$PTON
🕑 Added 2025-05-07 12:58:14 +0000 UTCER is out tomorrow before the market opens and there is no denying that if they report a positive ER and a surprise then this can move into Wave 3 next.
5 very clear waves up, followed by 3 waves down and holding in between the 0.618 - 0.78 Fib is what we always want to see
Price has now bounced above the blue support line at $6.66 and above the 50 and 200 Day MA as we lead into earnings tomorrow.
What they need to show tomorrow is that there is a road to profitability and the Wave 3 target is then $17.85
Comments
Waseem Anis
Any update on this after ER?
