PTON Targeting 13s.

Sep 27, 2019 - 9:02 AM EDT

The CABpIPO pattern is more concerned with the price an IPO started trading on the exchanges not the actual IPO price, so with PTON that is in the 27s. If we are to see a standard ~50% haircut that gives us a target price in the 14-13 region for the larger (A)(B)(C).

#CowabungaDudes

PTON - Primary Analysis - Sep-27 0858 AM (1 day)

PTON - Primary Analysis - Sep-27 0859 AM (4 hour)

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.

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