VantageMarkets

PIN: Gains will be capped?!

Short
NYSE:PINS   Pinterest, Inc.
Pinterest

Intraday - We look to Sell at 25.99 (stop at 27.91)

We are trading within a Bullish Ascending Triangle formation. Neckline resistance 26.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.

Our profit targets will be 21.38 and 20.00

Resistance: 26.00 / 38.00 / 50.00
Support: 21.00 / 16.00 / 10

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