**PLNT** Planet Fitness stock, watch for an upside gap breakout.
Breakout trade
* WATCH for possible breakout above 54.17
* Target: 59.91, 13.3% Stop: 50.74 Loss: 4%
* P/L ratio: 3.3 : 1 - Excellent
BULLISH
* \[Positioning\] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
* \[Timing\] Strong bullish 3 day candlestick pattern with Average 3 day accumulation.
* \[Timing\] breakout watch above 54.17, no resistance in area just above.
BEARISH
* \[Positioning\] at resistance
[PLNT Planet Fitness stock chart](https://preview.redd.it/mqrtmq0ivpdh1.png?width=1417&format=png&auto=webp&s=c66e9dc37cc238fb9309f5386b18b569f71867ab)