PTON Head and Shoulder

PTON broke through the downside from a H & S pattern during the news about the treadmill recall. More recently it bounced back to retrace and touch the neckline break. Now it seems it is ready to continue lower. The treadmill recall issue looks like it will hurt the company's earnings, giving more weight to this pattern playing out.
Chart PatternspelotonptonTrend Analysis

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