lauralea

ABC Bullish Earnings 2-18 AMC

Long
NYSE:PLNT   Planet Fitness, Inc
Estimated Earnings 2-18 aftermarket close..No rising wedges in the yearly chart

It would seem this would be a tough earnings report for a gym..considering the whole country is or has been under the weather for the past year according to the current governement and the media..

Trading at earnings is risky as market response can be unpredictable..

I go to this gym so possibly partial..This gym never closed a day in my area...but I am in the south and I do realize this is not true in every state..

There is often R at B..Possible stop a few ticks below C in case there is a retest of C which does happen especially this close to earnings . Some folks follow a "dump before earnings" rule so and then other times a stock will climb before earnings only to fall afterwards..just no way to know for sure.

You may see a different long entry level than I do. Long entry level is a break of the BC leg with a bullish candle formation or a confirmed uptrend..I do see R at the top of that wick on the green candle 5 trading days ago. S&R levels are definitely levels to be considered, but were also made to be broken..any rule is made to broken sometimes I guess or life would be absolutely no fun at all (o:

Not a recommendation
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