Peloton (PTON): Can Bulls Ride Toward $17?

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Peloton (PTON): Can Bulls Ride Toward $17?

Peloton is showing signs of life after months of consolidation. With price action breaking above the $8.00 resistance and forming a bullish pattern.

The breakout above $8.00 confirms bullish intent. A sustained close above $8.00 could attract swing traders and institutions. A breakdown below the pattern's lower trendline would invalidate the setup and suggest a return to range-bound behavior.

Peloton’s chart is offering a clean bullish setup with well-defined targets. While $10.20 is the first hurdle, the structure hints at a possible run toward $13.00 and even $17.00 if momentum builds.

Target Zones
$10.20
$13.00
$17.00

You may find more details in the chart!
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