US - Peloton - July 2021
Analysis
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance trendline with high volume + short shadow.
"Market is always right"
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance trendline with high volume + short shadow.
"Market is always right"
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