Pintrest is at a very interesting area and we are already getting a bit of a Bullish reaction here once the MACD crosses Bullish on the Daily we should see some nice follow-through
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
$PINS sitting in a bit of a bearish divergences when comparing the trend of the chart to the trend of the RSI as well as trend of the volume to the trend of the RSI. Watch for a cross over 25.43. Support is around 24.06 and after that 22.59. Today’s candle may be green, but it looks a bit like a shooting star/inverted hammer
Following Elliot Wave and Fib Retracement we could see dip to $17.50 support zone followed by a final rise to $20.50 in the following week. Price will need to test $19.50 again to prove breakout is possible. News on FB shops may be enough to turn market more bullish on $PINS. Current Price targets are estimated at $20.32. Look to enter long at near 17.50 with...
