Company Overview: Planet Fitness operates a unique franchise-based model, which reduces capital expenditure and enhances free cash flow. The company owns just 256 of its 2,575 locations, leveraging its franchisees to drive expansion and growth. With its affordable $10 monthly fee, Planet Fitness has successfully attracted a broad demographic of casual gym-goers,...
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...
Once it breaks below 72 and stays below it, then look for it to retest covid lows before the end of the next year.
NYSE:PLNT daily might be about to break out of a triangle pattern which will initiate a long position with good risk vs reward potential. MACD is lined up and ready and the entry can either be above today's high for aggressive traders or you can wait for the first pullback after the breakout if you want to wait for more proof.
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...
TA and FA aligning, i feel strongly about this one...
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.
Day chart shows 1w support level 1w trendline Day bearish pullback bars Pullback Buy zone 15m chart shows 1w trendline buy limit @ 69.00 1w support level buy limit @ 68.00
Start for $1 - Monthly membership is $10 - $20 mo. go to any location Free T-shirts, bagels, pizza Clean beautiful gyms Equipment well maintained - Employees always nice with a no judgement zone They have dialed in this gym experience Weekly chart shows they have dialed it in for years Most of weekly volume spikes are on bullish weeks People are interested in this...
I'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look. RSI:...
I feel it will touch the resistance of 60's before hitting back into bullish form. Even the indicators have just started showing down trend. I would see this weekend and take position based of it.
$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...