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Trendcost
Jul 8, 2020 12:31 AM

End of a good streak for $PINS? Short

Pinterest, Inc.NYSE

Description

PINS sitting in a bit of a bearish divergences when comparing the trend of the chart to the trend of the RSI as well as trend of the volume to the trend of the RSI. Watch for a cross over 25.43. Support is around 24.06 and after that 22.59. Today’s candle may be green, but it looks a bit like a shooting star/inverted hammer
Comments
Chasing_Tendies
i'm feeling like its about to temporarily peak as well. thoughts on the run after today's action?
SMLFinwave
@Chasing_Tendies, my target is 29-31.
Trendcost
@smlink111, @Chasing_Tendies I like your target and it could very well make it there. I'm expecting a pullback near term. I miss interpreted the shooting star as a shooting star. I clearly bounces off the trend line Tuesday. Which would've been conducive to a continuation in trend.
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