New Target $PLNT (Short Term 45 Days)

We have closely monitor Planet Fitness since IPO. The latest drop from $81 (resistance double top) to $70 (long term support level, and 100MDA) was mostly algo and stop loss driven. No fundamentals have changed in the business whatsoever.
 
 We alerted our members to purchase $PLNT when it started to bottom out around $70.50 yesterday, and today it rebounded strongly touched the $74 resistance level. We believe in the next 4 to 6 weeks, we shall see Planet Fitness break new highs and have a price target of $85 dollars.
 
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