Get started
PLANETFITNESDRNPLANETFITNESDRNPLANETFITNESDRN

PLANETFITNESDRN

No trades
See on Supercharts
Overview News
Ideas
Technicals

P2LN34 trade ideas

PLNT Here is my analysis about planet fitness (not financial advice). A really nice double bottom was formed over last year. This is bullish as it indicates a reversal in price action. As the price moved up it retested the area of resistance in between the double bottom and found support. The price then went right through previous resistance in between 69 and 72 dollars. The price then broke the 200 day moving average (red line), again this is bullish. The price has since found resistance around the August peak and has consolidated in an ascending wedge. My guess is that the price breaks to the downside of the blue lines I drew and retests the 200 day/yellow lines. If it were me, I would put buy orders in around these prices looking to sell around the horizontal red line (~85 dollars). To manage risk, I would put a stop loss around 69 dollars. If it breaks to the upside, then off to test the horizontal red line.
NYSE:PLNT
by Thnacks
Short Of The Week My weekly position! Going to short ( buy puts I should say ) Planet Fitness Technicals & Fundamentals support a decline in value of this stock short term and I am very excited to explain my findings, beliefs, & trading strategy. Technical Analysis: I. Candle stick analysis II. MACD shows growing bearish divergence/ weakening bullish divergence III. Elliot wave shows that the second wave has been completed & the third descending wave is about to form ( opposite could happen if stock rises which is unlikely ) IV. Guth 3x Confirm shows a sell band as well as price & volume trending downward with stronger selling to come based on the red line. V. Visible range shows high levels of trading as low as $73 a share which is close to where our lower low could be ( $70 ) Fundamental Analysis: With the Delta variant of Covid-19 this could increase fear and make investors weary of buying planet fitness, there is plenty of room to sell off based on the technicals and selling volume has the potential to increase significantly bringing us to the true trading range of $73. My Plan What I will personally do is buy my puts for PLNT to hit $72.50 expiring 9.20 & will attempt to profit off the dip in a day trade or week long hold depending on price movement and trends. Your thoughts matter! I love reading everyones comments on my publications and would love to see your thoughts on my analysis as well as your thoughts on the short term future of Planet Fitness. Hope to hear from you all and anyone attempting to make a trade based on this analysis take extreme caution as I have been making lots of inaccurate calls/puts lately. I do have a track record of being right and have almost 600 followers to back me up so I am not giving up and am looking forward to taking over this market again.
NYSE:PLNTShort
by Myantman101
1
🇺🇸🌐🇨🇳 - Is the Economy of this Planet 'fit'? 🍀🆙 🆙 🆙 (This is the chart of a random company for purposes of illustration) Well... I don't know guys, not sure if the World economy(economies) are healthy but here are some facts: Fact 1: They have been printing debt... but that doesn't mean we have to pay for it Fact 2: The stock markets are HIGH... but we might look at them next year and say they are now still low Fact 3: Youtube is bombarding all of us with: 'dollar is crashing' - 'markets are crashing' - 'go to the bunker with your food, your gold and your AK-47' videos but that has been the case for the last 10 years now and nothing ever happens Fact 4: The world economy has 2 lungs. The US (freedom through war, rule by dollar) and the Chinese (shut up and make China big China strong China number 1) but the Chinese sneezed and the other lung got pneumonia (covid). Fact 5: Almost everyone is still alive, all economies had major lockdowns, economic activity froze or turned online, the governments printed money, 50 vaccines were created in record time and we are all gradually getting out of this mess. but we expect inflation, which is not coming at a scary size yet (you see, technology beats inflation) Fact 6: ALL the data is GREAT at the moment. Jobs? GREAT! Sales? GREAT! America? GREAT! Australia? GREAT! Ze Germans? SHTABIL! GREAT! Ze Russians? HARASHO NORMALINA! GREAT! ✨The Chinese??? well, read below✨ Fact 7 🚀✨✨✨✨✨: The Chinese are about to announce their GDP (Gross domestic product) for the Quarter. It's being announced in 6 hours from now. The forecast is a NEVER-EVER-SEEN-BEFORE 18%+ (!!!!!!!!!!!!!!!!!!) 😮😮😮😮😮 EIGHTEEN PERCENT??? 😮😮😮😮😮 Well, I have never seen an 18% increase ever before. Last one was 5%, normally the Chinese had an average of about: 6,2% in 2019 6,7 in 2018 and in the best years they had around 10,7% in 2007 IF THEY EVEN COME CLOSE TO THE FORECAST TONIGHT, THEN WE COULD BE LOOKING AT A VERY GREEN FRIDAY TOMORROW AND A VERY PROMISING NEXT QUARTER FOR INDICES AND CRYPTOS ALIKE. Why? Because it's a small tiny world we live in and if China is going well it's great news for everyone else too. To me, it looks like a scenario where I need to Buy, not to Sell or panic... but I am not always right and I can give you no advise. I am just sharing how I think and what i do... i am BUYING!! One Love, the FXPROFESSOR PS. will everything crash eventually? Yes, maybe but not now, not this year, not before they dare increasing any interest rates. An even if it all crashes we are holding the answer in our crypto-wallets. PS2. Not on cryptos yet? Maybe buy TONIGHT!
NYSE:PLNTLong
by FX_Professor
4
temple of swolI rolled into a couple dumb May 21st 92.5 calls a couple weeks back and overpaid when the underlying was rallying. Showing some promise now, although I'm tempted to close this trade and take a loss when it straddles it's par fib trend level 1.0 @ $86.50. My thinking was half the cohort that travel want to get back in shape before traveling again; this group wasn't buying pelatons, they were doing cheap outdoor activities, eating garbage throughout the winter. Need to look good BEFORE you board that flight to Cancun. But I saw pics of the average person partying on a cruise ship: you either take care of yourself or it's n f's given. Still, the gym really helps get that fitness discipline back, especially for the meat heads and cramped condo dwellers. We'll see. 4%+ in a day I'm skeptical. Market is chasing.
NYSE:PLNT
by QUANDRANTS
ABC Bullish Earnings 2-18 AMCEstimated 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
NYSE:PLNTLong
by lauralea
Cup and HandlePlanet Fitness is moving up in the world and forming a Cup and Handle pattern.. That spike up to 83.09 has hurt performance it seems and caused a fairly significan pull back after the throwback occurred. Throwbacks are when price breaks into long entry level then "Throws" back. It differs from a healthy pull back.. NV was very high at that gap up to 83.09..just perhaps too much too fast..has slacked off since then on daily but on hourly it is still high..weekly and monthly candles suggest a possible further pull back.. The throwback almost invalidated the cup and handle pattern because the handle low was broken/handle low is not supposed to be below mid cup which is 64.80. There should be support there as well as under the handle low.. Not a recommendation Practice does not always perfect if you are practicing the wrong thing over and over..luck is sometimes being well practiced and prepared when opportunity strikes (o:
NYSE:PLNTLong
by lauralea