It is time to put an alert on PINS. The stock has been very constructive for the past year putting in a rounding bottom. From an Elliot Wave point it counts as a leading diagonal with fib targets almost in the money. It has created the cup of the cup and handle pattern and the handle is being formed right now. over the next weeks I will keep a close eye on $21 - $19.5 level. If the bounce makes a micro 5 wave moves up (in 15 min or 30 min time frames), I will contemplate a significant portion of my capital into PINS for a strong swing up toward $50 target by end of year. For now, a few more weeks of patience is required.
