Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests. The...
Pinterest just broke a key support at $22 which leads me to believe there's more downside before finding relief.
The next supports are in the low teens ($11-16), let's see if price can hold those levels.
Pinterest - Short Term - We look to Buy a break of 26.97 (stop at 25.27)
Trading within the Channel formation. 26.50 continues to hold back the bulls. A break of bespoke resistance at 26.50, and the move higher is already underway. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 31.53 and...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Popular online product and idea discovery platform Pinterest $PINS has seen...
After Meta Platforms issued a first-quarter revenue outlook below expectations, investors in Pinterest, which will report earnings Thursday, expect the same outcome.
My price target is the $17.50 strong support level.
So if you missed the $19 per share IPO price, and you consider it fair valued, this quarter you might have the chance to buy PINS at the same price.
Preferred instrument: common shares
Entry: $36.50
SL 1: $34
SL 2: $30.90
PT 1: $60 (4.2 R:R)
PT 2: $71 (6.2 R:R)
PT 3: $135 (17.6 R:R)
Potential wave 5 setup from March 2020 covid lows.
If 30.90 does not hold wav 4 is actually wave 2, next major support is 23
PINS looking great at this level on he daily and weekly, very oversold trading inside these descending wedges - breakout targets charted for LONG term.
** NOT TRADING ADVICE **
Having shed off 60% from its 2021 high, price have reached its multi- year resistance which has now flipped to support. The support zone held has buyers rushed in to defend the zone closing the day with 7% rise and printing a bullish engulfing daily candle. which now serves a confirmation that the buyers are in charge of the market.
hence we can now place our...
$PINS has finally reached an area of previous resistance that should act as support.
I was hoping for a bounce in the 0.618 fib range, but we didn't get that.
I took a bite here, but not feeling great about as fundamentals appear bearish.
If this support doesn't hold, next obvious bounce area would be once the gap area (daily bar chart) from $28-$31 is...
Before starting the analysis I would like to mention option trading is very risky and is not recommended for someone without experience!
For those who have experience, this list could be fun to watch or trade this week!
I usually use high-risk high-reward contracts!
These are my option trading rules!
Please read the rules and apply them to your trading..!
My...
I wouldn't want to buy a falling stock, and then wait weeks if not months for a trend reversal...
I would only buy once we cross this trend line.
We need a confirmation that PINS is in trend reversal.
Crossing this line is the first confirmation.
Set alerts for this line and be patient.
let the trade come to you, don't chase the trade
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
This week my team has been investigating popular online product and idea...
Bearish patterns all around. A very beautiful zigzag already completed in a classical fashion (A=C). Despite literature, in our experience we do no see this type of arrangement commonest. Most correction in our opinion are really complex outright, thus we are expecting at least another zigzag, which it looks like started to paint itself out now. This implies that...
![PINS: PINS [LONG] DCA!](https://s3.tradingview.com/v/V9w9cZo3_mid.png "PINS [LONG] DCA!")
