PtahX

PINS - Time to close the gap?

Short
NYSE:PINS   PINTEREST INC
Watchlist PINS - Watching for an entry to close the gap. Note the small increase in bearish volume , small short interest at 5.3%, getting close to oversold in the Stoch and the MACD crossdown. This will hopefully be a nice play if we see a solid entry with confirmation.
Trade closed: stop reached: Entered and took a small profit, no longer in a trade here - details inthe comments section below. Back to my watchlist but no longer in play.

Comments

What entry are you looking for? I am personally long on PINS but see the same short term possibility
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PtahX TrendlTrader
@TrendlTrader, I've made one trade already:) I took a short position on the 26th (Today) at 10:20 am (filled at $34.55 - was stopped out at $34.11 in the green at 12:10) so I am currently out of the trade again. To re-enter I'll need a breakdown with confirmation of $32.83 below VWAP Ideally with a MACD / Stoch / Volume Confirmation. Could go either way at this point in my mind
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