Pinterest - 30d expiry - We look to Sell at 26.74 (stop at 28.01)
The primary trend remains bearish.
The trend of higher highs is located at 26.80.
In our opinion this stock is overvalued.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Although the market broke to...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
26 continues to hold back the...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
Rallies should be capped by...
Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now?
Of course, there are other social media compatriots that traders could turn to, or even other companies of a similar market capitalisation that are in takeover talks and abiding by a similar...
Pinterest
Short Term - We look to Sell at 22.42 (stop at 24.30)
Our outlook is bearish. The medium term bias remains bearish. We can see no technical reason for a change of trend. 20 1day EMA is at 22.00. Preferred trade is to sell into rallies.
Our profit targets will be 15.71 and 13.70
Resistance: 22.00 / 28.00 / 40.00
Support: 18.50 / 15.00 / 10.00
...
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 $19 per share IPO price, and you consider it fair valued, this quarter you might have the chance to buy PINS at the same price.
Can play PINS both sides here depending on its reaction to the currently tested trendline (ascending dashed green line)
Price predictions are based off of supply and demand zones as well as Fib extensions.
Price movement (Blue and Red lines with arrows) isn't a a firm prediction but more of an indication of what important levels may be tested on both down and up-side.
NYSE:PINS Rule of nature - what goes up must come down. combine that with rule of velocity - faster you go the harder the crash!
Pinterest has exploded in less than 3 MONTHS (157 days) to an above 60$ price.
if we set the chart on a weekly time frame all we see is one big green candle, but correction is a must.
so let’s start with FUNDAMENTAL:
- with earnings of...
Seems 5 waves of elliot have completed and we need correction. be careful that we are still in the rising wedge, so wait for braking the wedge, before getting short position.
retracements are based on fib levels. also we are still in a downward logarithmic fib channel.
