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...
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
Only long when the condition is met. BlueWave giving a nice green dot buy signal. Needs to break the first resistance trend line to confirm
As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months! Now it seems they find their primary support level and may experience a 10% upward move in a short time. Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies! Looking at their...
$PINS #PINS approaching 48 levels in next 1-2 sessions, it defended the #trendline quite well. We are heading towards 47.5 / 48.5 next #PlanYourTrades
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...
Hey Folks, Well I was working on several tickers and I thought why not sharing it with you guys. I rarely share my work as I don’t consider myself still good trader. A long long long way to go :D However, assuming my wave analysis is correct, and actually we are still in wave 1 of bear trend, then I am expecting wave 2 to fill the gap it made several days ago...
Bloomberg News reported Wednesday that PayPal is looking at purchasing the image-sharing social media platform, noting talks of a potential price of $70 a share, a level that would value Pinterest at around $39 billion. In this analysis, you can see both sides of the same trade! One is PayPal which experienced one of its worst days after the news came out they...
Confirmed buy-out offer at $70.00 for PINS by PYPL. Turns this pattern into a bull-flag and makes the gap fill at $70.00 a definite possibility likely very soon. (Opinion only)
After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. $PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits. I believe that was only the beginning of the big picture, and we put in a...
Paypal is in talks with Pinterest about a possible takeover. The price per share is being discussed in the neighborhood of $70. It would be around $39 billion. Potential earnings, if you go in at this point, could be 11%. Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61 ❤️ If you find this helpful and want...
Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart. I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled...
Have been DCA into PINS at these levels. Today is another great opportunity. Holding this support well. Support with Ichimoku on monthly and fib retracement. ** NOT FINANCIAL OR INVESTMENT ADVICE **
PINS has broken below a short term VWAP at 55.40 which was helping it sustain bullishness but now the contrary seems more likely to happen. I believe a large bearish move will occur within PINS due to BBW squeeze signifying that we are in a low volatile area which tends to beget a very large move. The reason I am bearish is because even though the green line...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
I suspect we may try testing the 78.6% retracement based off of last Friday's weak price action. Very solid swing setup as long as the fibonacci box holds, otherwise further correcting will be needed. Patience and waiting for confirmation for me on this one before entering. Can see a nice impulsive move to $61 (bottom of unfilled Daily gap) if buyers step in.
NYSE:PINS breakout. 9 EMA crossing 50 EMA. Volume coming up steady. Showing support at $69.16. Target $79 if trend continues.