Trade ideas
PINS Testing 200/dayTomorrow will see how it reacts, gaps up through, think we are on the way to $27, otherwise back down and test again later.
PINS: Projection update; if we can hold the $19.80projection update for the spring breakout move from yesterday.
our target is $22.4 if we can hold the $19.8 level and break expected resistance at the $21.0
PINS setting up to breakThis is an A+ setup with my pivot point strategy. A long wick rejection of the 9 EMA and 20 SMA AND a pivot point with a cup & handle, I think this is very high probability to run higher, going long at open unless we get headlines. Trade responsibly.
PINS: new Long positioni started to watch PINS recently and got to like the price action - the chart says it's ready for a fresh breakout.
initiated a long.
here are the price levels to watch for the next few weeks
the 1hr view looks even more promising
Long PINS - Delayed SignalKeep your trading simple 🚀🚀🚀
This one is more a speculative trade.
T1 = minimum risk reward 1:1
Mind term target $20.6 - Closing gap.
Entry was on the crossover.
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
Follow me to support my work, Thanks!
$PINS $20.50 Price target Short-TermFollowing 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 verification of low RSI/OBV on 1 hour charts.
Pinterest looks like a short.Pinterest appears to have reached the top of its bearish channel which in the past resulted in a drop. Whether or not it stays up is debatable but for now it’s looking bearish. Maybe another retest of the top of the channel but if it doesn’t get above it most likely it’s going down. I would short just based on how everything is going right now.
Not financial advice just an idea.
PINS # PINS waiting for short # PINS
target is 13 USD but we are waiting for point to sell of .
thanks
PINS - 5/15/2020PINS - Ichimoku 45 minutes shows a golden cross just happened. It's looking to fill the gap at $19.55ish but I'm not sure how soon it could reach. Unusual option activities indicate 29k+ contracts were bought for May 22 $18.5 calls for $0.29 - $0.35. Probably people feel that there is one cushion $18.5 before reaching out to $19.5.
Pinterest ($PINS) - Fibo/Trend-line tradeShorting $PINS at the 50% fibo with an RSI TL and Oversold indication. Pinterest has historically performed poorly even prior to the pandemic. Great short setup in play for a good run down.
Pinterest GAP Target - Elliot and 3 Rising ValleysPotential rise to cover GAP.
Problems: The third valley was not fully completed. If the 4th wave is too big, it will hit stop loss.
Bulltrap ontop a bearflag Wedge breaking down back into flag. Looking to retest lower fib levels of the drop.
PINS possible correction 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.
PINS near term bearish biasPINS is demonstrating a textbook bearish triangle on hourly timeframe and has weakening momentum which leads me to bealieve the sellers will win this battle and send it down to the tone of $1.5-2 next few trading sessions on breakout
New Target for PINS
NYSE:PINS the market can seek 18.80 respecting 0.5 line of the Fibonacci. So, the market can to seek 0.5 for PINS next week.
Pinterest (PINS) Daily Chart
PROs:
Revenue is forecast to grow 17.77% per year
Revenue grew by 51% over the past year
PINS’s Revenue is forecast to grow faster than the US market per year
PINS’s short & long term assets exceed its short & long term liabilities
PINS has solid balance sheets
PINS has sufficient cash runway for more than 3 years
Earnings beat expectations over the last 3 quarters
Analysts are optimistic about PINS
CONs
Shareholders have been diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
Highly volatile share price over the past 3 months
1 year return = -37%
PINS underperformed the US Interactive Media industry over the past year
PINS underperformed the US market over the past year
PINS share price is slightly overvalued compared to its fair value price
PINS’s Return on Equity is forecast to be low in 3 years time
Last 3 years earnings growth = -2061%
PINS has a negative return on Equity
PINS doesn’t pay a dividend
Report:
From a Fundamental standpoint, the data is mixed, so it's difficult to make an assumption based on that alone. On the technical front, PINS has been declining from the 22 of August 2019. An attempt was made to recover on the 16th of December 2019 but failed on the 7th of February this year, and the decline resumed. The rally of late started on the 19th of March this year and has brought us within spitting distance of the top of the descending channel and the 38.2% Fibonacci retracement level (taken from the August highs of last year and the March lows of this year). What happens at (1) could determine the direction for the short to medium term.
Bottomcatcher’s Opinion: If we can convincingly break, hold and close above the 38.2% fib level on the Weekly time frame, we could consider taking a long position with a stop loss below the top of channel line (which will become support). Alternatively, if resistance holds at (1) we can expect to see a further decline, which would negate the long trade set-up.
Note: Levels are subject to change in the near future.
Tough to make long calls in this market but I like PINS hereMaking long calls in this market is tough to say the least. However, finding companies that are a little insulated from Covid could be the key.
I'm looking for some strength in PINS over the next week. Of course the market needs to perform too.
Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!Hi traders,
Tom with another recap here.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
