Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 47 )
PLNT
Head & Shoulders Pattern s
Reviewed in CPAT 9 / 7 / 20
Planet Fitness Inc ( PLNT ) is trading in a H & S Pattern ( F ) on its daily chart . A short entry is entered when price closes below the neckline with a strong down trend . Enter a short trade below $ 49.42 and place a stop above $ 56.70 ($ -7.28 ). Targets are placed from $ 30.2 to $ 24.9 in target1 zone and from $ 9.8 to $ -1.1 in target2 zone .
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