One of the most underestimated social media stocks is..
Pinterest.
Shopify's integration is game changing in my opinion. One of the most important metrics in marketing is "intent to buy"... Pinterest has the highest shopping intent among all major social media companies. In 2018 48% of Pinterest users used the platform with the intent to buy, while Facebook was 14%, Instagram 10%, Snapchat 4%, and Twitter 7%. Shopify changes this to something actionable. (blog.hootsuite.com/p...istics-for-business/).
**Key thing for me is the chart, not the story.**
Shopify's integration is game changing in my opinion. One of the most important metrics in marketing is "intent to buy"... Pinterest has the highest shopping intent among all major social media companies. In 2018 48% of Pinterest users used the platform with the intent to buy, while Facebook was 14%, Instagram 10%, Snapchat 4%, and Twitter 7%. Shopify changes this to something actionable. (blog.hootsuite.com/p...istics-for-business/).
**Key thing for me is the chart, not the story.**
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Wave 1 completed to the downside and now above the H&S diagonal. Keep in mind 23 is the IPO price.
Trade closed: target reached:
Target 1 reached today
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Got back long at 24.25 on the retest of my awaited level (I placed buy limits there after exiting at target 1). I am now aiming for target 2.
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Added again at 24.55. I really like this level (not love, that's why I am scaling in slowly).
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Big bounce off purple level
Trade closed: target reached:
Target 2 hit + new highs today.
Congrats if followed
Congrats if followed
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New all time highs + weekly breakout on watch:
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PINS looking good here:
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Next leg is close. I'm long