Price prediction made based on technical indicators and candles. Comment your prediction below
Planet 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...
Great risk reward play here on a name that could see more growth on the hells of a vaccine.
START WITH A MACRO VIEW AND IDENITFY MOVOMG TRENDS ALONG WITH SUPPORT AND RESTISTANCE LEVELS AT THE MONTHLY. YOU CAN SET COLORS TO IDENTIFY EACH TIME FRAME AND ALSO ADD TEXT IF NEEDED. START ZOOMING IN AND CONTINUE TO ADD SUPPORT AND RESISTANCE AND ANY OTHER INDICATORS YOU WISH TO ADD. I ENDED WITH DAILY BUT YOU CAN LIKELY ZOOM IN FURTHER TO THE 4HR OR 2 HOUR CHART.
Pull back today Perhaps it will pull back a bit more. Pick an entry point that works for you..should be over 55.5 though This a "get back to life as we knew it" stock so handle with care (o: Seems some do not want life to go back to the way it was last year. Probably the PPE companies do not..lol. And what will the media do with themselves when they can not...
A failed ABC pattern can become a Head and shoulders pattern. I am not saying this one has failed yet, but it has not proceeded to an uptrend like it should do yet. Keep an eye on support lines To become a H&S pattern it would have to break the neckline of 49.42 (which is C) in a strong downtrend I like this stock and am hoping this does not happen Short...
It can happen as long as it stays above that pink line. SL 59.
Hey people, PLANET FITNESS is in a fake bearish movement with a high volume of purchases made and a shadow bear made. The TIMEFRAME 1Min is in a bullish continuation with a long wick and it is about to break the VWAP in force. In this situation we go in the direction of the last high precedent with a resistance to pass before. Then the second objective is just...
Just looking at this. This was trading in an ABC bullish pattern but I noticed short was very high. An ABC pattern can morph in to a head a shoulders pattern if it turns down vs breaking up. If it hits support drawn in green and turns back up in an uptrend..then all is ok I hope PLNT does not break the neckline and go in to a down trend...but patterns morph and...
No gaps that are significan noted. No rising wedges noted. A high short percent is noted. Possible target 2 88.75 then re-eval if old high is broken. I have made a lot of money trading this stock in the past. I am not in it yet. Not a recommendation Stop somewhere under C To measure an abc pattern, they are easy to spot, draw the AB leg then the BC leg....
Hello friends, PLNT jumps to 78% Fibonacci. Trading volume increases. Stop 5 cents below the lower green candle tail Exit at the top stop line. *** There is no cymbal for buying or selling ** meni
Bull Flags are Ranges which are repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the...