05-06-2021, 11:18 PM
Time to buy PTON… or wait?
<!-- SC_OFF --><div class="md"><p>PTON is up slightly today, but Relative Strength is very low at 27, and it's at the bottom of the Bollinger Band (usually a good time to buy on both counts). That said, is it too soon to jump back in? My gut feeling is that the stock was priced for perfection, and is suffering during the rotation toward reopening plays. All the bad news will become old news at some point, and as the news cycle moves on, this could be a great trade, or a great investment. </p> <p>Is the bad news priced in already, or is this still trying to catch a falling knife? Is it oversold, or is this a dead cat bounce. I'd love to get thoughts from smarter people who understand the ins and outs of technical analysis. My instinct is to wait a bit…</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DotComBomb1999"> /u/DotComBomb1999 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/n6cwq4/time_to_buy_pton_or_wait/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/n6cwq4/time_to_buy_pton_or_wait/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>PTON is up slightly today, but Relative Strength is very low at 27, and it's at the bottom of the Bollinger Band (usually a good time to buy on both counts). That said, is it too soon to jump back in? My gut feeling is that the stock was priced for perfection, and is suffering during the rotation toward reopening plays. All the bad news will become old news at some point, and as the news cycle moves on, this could be a great trade, or a great investment. </p> <p>Is the bad news priced in already, or is this still trying to catch a falling knife? Is it oversold, or is this a dead cat bounce. I'd love to get thoughts from smarter people who understand the ins and outs of technical analysis. My instinct is to wait a bit…</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DotComBomb1999"> /u/DotComBomb1999 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/n6cwq4/time_to_buy_pton_or_wait/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/n6cwq4/time_to_buy_pton_or_wait/">[comments]</a></span>Kind Regards R