Easy Loot Options Signal | Estimated time: 2 Weeks
Inside the Easy Loot options chat, we're looking at 2 contracts to play Planet Fitness. The first play will be quite accurate & is based on Technical, the second play is also somewhat played on Technical but is very far otm.
These are not suggestions, always do your own research before dealing with any type of...
Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Planet fitness seems to have found support at the $56.80 level which acted as resistance in late 2018 and then as support in early 2019 once that level was broke. I'd look for a long-term long position into 2020.
Planet Fitness has had a strong uptrend above the 180 EMA throughout the year. Has a strong chance of reaching $82 within one week for a 5% return. Planet Fitness will reach over $100 for a long term hold.
