Peloton consolidation
Education only: While there are many factors that are necessary when choosing to invest, the technical analysis is one part. In this case, Peleton has been consolidating for quite a few quarters on the back of massive slowdowns, revenue shortages and other negative news. It seems to have begun to make a base around the 10 dollar mark. Positive catalyst could lead to a rally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.