//PLNT | Consolidation

PLNT | Consolidation

By |2018-09-11T18:28:56+00:00September 10th, 2018|Current Watchlist|
SymbolIndustryLast PriceChange% ChangeVolume
DateSep 10, 2018Buy *49.50
SectorConsumer CyclicalTarget 1N/A
PatternBull FlagTarget 2N/A

  ( ) is trading near the 50-ma in a Consolidation pattern.  This may need some more time to develop, but if price pulls back there is good short-term support around (1) $49.50 which could provide a low-risk entry if market conditions are favorable.  Trendline resistance is shown on the 60-minute chart(2,3).

Update 9/11/18:  PLNT continues to trade sideways with $49.50 price level and the 50-ma providing near-term support.  We added an updated daily chart below.

Daily Chart 

Daily Chart Updated 9/11/18

2-Hour Chart

Business Summary