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Skook92
Oct 29, 2021 8:29 PM

PINS Good Opportunity Ahead of Earnings? [LONG] Long

Pinterest, Inc.NYSE

Description

Pins in a great spot after the PYPL news was reverted, over reaction ahead of earning in my personal opinion. Still bullish LONG term.
More risk adverse investors will likely want to wait until after Q3 earnings. But my outlook is long-term so i'm happy to add to my DCA position here.

Short-Mid term:
  • Bullish divergence on the daily and weekly (MACD and Stoch)
  • Horizontal support with the 0.382 fib level
  • Oversold on Daily
  • Oversold on Weekly with money flow in the red (great upside from here)
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