A member of my social media asked for a Technical Analysis of NYSE:PINS and the price action in that stock makes for a teachable moment in the current price action of BITFINEX:DOGEUSD . The key pattern to look for is the Double Top or break of the high! In this video I use NASDAQ:MSFT as an example of an instrument that breaks double top patterns to make new highs.
65 has held (until today) first trade is a gap fill and the second a fib retrace with a higher R/R
I warned my private followers before this week started! How is it possible? Don't you believe it? Check this: My followers are way ahead of others in the market..!
On this day am buying EU @ my entry on the Chart
Pinterest had a big sell off last week, falling over 7% in a day. This sell off was a result on analyst at Cleveland Research giving it some bad news expecting retail spending to decelerate. This sell off was an overreaction in my opinion, and nothing that should take away from Pinterest in the long term. Pinterest has been killing the social media game, greatly...
With the three pin formation and fib retracement level can be entered to the sell as we can expect news become negative as well wich will work for out position benifits.
Entry around $77.00 TP: 80.00 SL: 75.50 Confirmation: Just crossed above the 50 MA. Broke resistance. MACD and RSI looking healthy
PINS idea Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
As previously explained in our PINs play, PINs is playing with the supply area of a continued downside move.
Potentially 15% downside risk from $70 level if the H&S is confirmed. We are below the 50d MA on the daily - not a good sign.
Getting out of a bullish channel after 1 year and 2 failed tries to get back! Makes correction inevitable! The next important levels could be 62-63 (-15%) and after that 53(-28%)
It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come! Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months! I’m currently conducting a study on IPO Ed stock in...
Hello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
Week expiring 1/8 Broke old support at 67.35 and will continue down to 64.20 (Current 65.90)
After forming nice based at 68 broke out towards 75 and formed shooting start pattern on December 23rd and sold off toward raising 50 MA (64.45). Need to hold this level move back above 68. If not it could see 58, 55 level.
this stock has been trying to break out of current base for a while now and finally 20 MA caught up yesterday. opened above 20 MA and held it so far which can be used as stop loss.
The Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a...