Anaplan (NYSE: PLAN) provides a cloud-based enterprise SaaS connected planning platform that IPOed on Oct 12th, 2018 and thus PLAN has a relatively short market price history.
In a dynamic view the stock is in a positive uptrend on all time scales and is close to breaking its last week All-Time-High (ATH) outside of the upper volatility band. When it does $PLAN is expected to accelerate to a minimum target of $50 since the sky will be clear with no price overhead resistance.
Dynamic Volatility PLAN Price Chart – Daily + Weekly + Monthly
The stock strength is confirmed by a major increase in trading volumes with buying activity on any weakness since early April and multiple bottom wicks over the previous seven trading sessions.
Daily Volume PLAN Price Chart
We are buyer of PLAN with closed eyes today pre-market or at the open with a limit buy order.
The initial stop-loss order should be positioned just below $39.5 corresponding to the previous two weeks bottoming wicks and it will be rapidly moved up below $43 as soon as the bullish move is confirmed.