$PLNT Planet Fitness - Overbought at Resistance
Expecting a near term retrace - targeting $60-$62 range within 1 month (depending on overall market conditions we could dip sub-$60)
A nice way to play it might be a bear put spread, buying the Apr 18th $65.00 strike puts going for around $1.50 and selling the Apr 18th $60.00 strike puts going for about $0.45 for a...
Ascending trend line is not been broken. Nice momentum and with Weight Watchers foes, this has picked up some of that business. Some of the big sports name own this franchise too. It is near a major resistance (marked). I think it will blow past that and hit that long upward trend line. Gives this another $2.00 move.
Let's get on this.
We've seen this before back in Aug '18. There was a lot of consolidation right before a surge and then a huge dip.
This is a bit different because it's leading into the Earnings Call but it should be interesting to see what this does over the next few days and weeks.
Planet fitness is currently for the third year on the stock market and made some serious gains. The stock price has increased with more than 164% in the last 3 years. But how does this come? The company is building new gyms all over America in a very high speed. If we take a look at their fundamentals we will see this. (in millions)
Revenue 2015: ...
I studied a weekly graph of an IPO stock PLNT to find out a good time for long-term buying after its IPO period. The tool used in this studied was a custom indicator "Graph Reader Pro 2.0 for TradingView (GRP2)". In some IPO stock cases such as Facebook, the stock price decline for a long time after IPO. It usually take them 1-3 years after IPO to rally a lot. In...
As the title says
Late into friday trading you will see the sexy bullish action within the candle sticks, i see three bull flags, maybe im wrong
Quick stop to avoid a real dump since i believe this stock has corrected and consolidated enough but can still make new ATH
If you like planet fitness's fundamentals, take a look at the buy point I describe here and decide for yourself. If you would like a potential in and out, maybe look for the over-extension for a short point, however I would not recommend shorting this company based on the chart alone, and definitely look into the business itself first because shorting a good...
PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Trend breakdown short
Entry Target Criteria- Break of $19.83
Exit Target Criteria-...