It's in a downward channel and with ER tomorrow what are they reallly going to report? Business is good? With no end to this pandemic in the near term I see more suffering for the gym sector. It can go down to 40$. I miss the gym....
I don't recommend to do any actions until the market and the big sharks are deciding where to go, LOLS Don't think this is the lowest until there's more confirmation! #tradewithstrategy #noFOMO #analysisfun #Ineedtoworkouttoo
Currently in 55 puts for next week, has a nice gap to fill under todays lows down to 52.32, good to play with Coronavirus headlines
Since I'm unsure what the market will do tomorrow, I have a mix of long and short positions as we head into the close of trading today. One of my short positions is Planet Fitness. It's absurd for this stock to be trading at 50+ P/E and 100+ forward P/E with new coronavirus cases starting to go exponential again. This is well above the multiple that PLNT usually...
MACD cross over on 4 hr chart.. Hidden divergence and hitting the top of the channel. Please post if you agree or disagree
PLNT tested the Support Zone 62.60-63.50 and made a decisive rebound from this zone yesterday. Looking to long today with initial stop just below the support zone @ 62.50 and later to trail the stops up to a possible target of 80 and perhaps even 85 (fib extensions). The futures are looking a little weak right hence do not over risk on size. Disclaimer: This...
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...
Ripped back into the channel, closed my short at the open. Should have went long but had other priorities. This one is back on the watchlist for now. I should mention that, generally, when my setups fail, they fail HARD in the opposite direction. Just in case anyone out there is dumb enough to trade what I trade lol.
The door is open to a return of the 38.2% FIBO
Completed H&S pattern for sure with the drops for the last two days. We're up nearly 100% on puts. Expecting a small retest of about $50 before continued momentum down. Indicators showing that there is still room down.
Gyms are going to suffer for a while even if they start to officially start reopening. On chart, an H&S type pattern showing for the last few weeks seems to be completing. Suggested move to downside on oscillators: Sell/Buy, A/D, MACD, RSI. Our timing was off, but we're green now. Position is in June 19 $50P
PLNT- looking for a move to 50.40 area on this break
honestly better test-case than $T due to PLNT's earnings coming out today at 4:30pm. I called a lucky rally, didnt expect for it to pump up way past $55, but it did. Especially since their franchisees are getting absolutely fuckt during this CV lockdown. 5% royalties to corp might be good, IF they actually turn some kind of profit, but given a 5:1 debt to...
Planet Fitness doesn't seem to have a great reputation as far as gyms go. It's basically like the cheapest option out there from what I've heard. Still, it's enjoyed quite the run up from its price of $35 at the start of April. You probably have noticed a pattern in the TAs that are posted here. Accumulation/distribution on this has remained FLAT despite the huge...