🔴 Online fitness is out of trend

Peloton is an American remote training equipment company launched with funding through Kickstarter in 2013. The company is based in New York. The main product is an exercise bike that allows users to remotely participate in spinning classes that are streamed from the company's fitness studio and paid for through a monthly subscription service. Founded in 2012. Revenue $ 2.2 billion (1st half of 2021). Capitalization $ 13.8 billion

A trade on the breakout of the support level ($ 40.8).
Vaccine positive news, $ PFE vaccine effective against Omikron -> people will go to the gym more than exercise at home. Fundamentally, I don't like the company, I expect it to fall further.

1) Close of the daily candle under LOW.
2) Closing near the level.
3) Approaching the level on short candles.
5) Compression.
6) Accumulation near the level.

Long below $ 40.7 (entry by limit order)
Goal 1: $ 39.1
Goal 2: $ 35.85
Goal 3: $ 32.4
Stop above $ 41.8

NOT IRR