**PLNT** Planet Fitness stock, nice upside gap breakout, volume +37%, from Stocks to Watch.
Breakout trade
* CONFIRMED breakout above 54.15
* Target: 60.04, 8.7% Stop: 53.05 Loss: 4%
* P/L ratio: 2.2 : 1 - Good
BULLISH
* \[Positioning\] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
* \[Timing\] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
* \[Timing\] Extreme bullish 1 day moneyflow
* \[Timing\] CONFIRMED breakout above 54.15, no resistance in area just above.
BEARISH
* \[Positioning\] 1 Day Price change extreme up, may pause/reverse
[PLNT Planet Fitness stock chart](https://preview.redd.it/lqts0e481ieh1.png?width=1268&format=png&auto=webp&s=ec6fb2bdd5faa4ed0c65a107566fbdbd216b5903)