$PINS @ Hidden Harmonics Trading PINS we shorted 86-88 we flip it long at 59-62 stop below 54Longby Hiddenharmonicstrading13
PINS 15% upside potential! 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 benefiting from Covid and the lockdown. They added tons of new members to their platform (124 million users in 2020 and 17 million just in the last quarter) and are slowly moving into the e-commerce game. Something spectacular about Pinterest is how they integrate ads into users feeds. Not only are the ads targeted, but they appear on your feed like a normal pin would and don't disrupt the users experience when using the app. Some more fundamentals to point out: -48% of American social media users regularly use Pinterest to find and shop for products, according to Cowen & Company, compared to just 10% on Facebook's Instagram and 4% on Snap's (NYSE:SNAP) Snapchat. -Pinterest is expanding its e-commerce features with shoppable pins, a partnership with Shopify (NYSE:SHOP), shoppable trends, and camera-based searches with its new Lens feature -Pinterest's revenue rose 48% to $1.69 billion in 2020, even as the pandemic temporarily throttled its ad growth in the first half of the year. -Analyst expecting a positive Earnings on Tuesday after hours. Technicals: -MACD cross on the 3hr and momentum is shifting to upside -3 white soldiers pattern on the 1 hour chart -The stock was oversold and in a good buy zone. Although it could go either way this next week depending on the upcoming earnings, I think PINS has the ability to see a 15% gain in the near term future. What do you guys think about PINS? Leave a comment below! Longby Lilbuddadude554
Iron Condor - PINSI love when I see high IV rank, higher the better for me. I always sell my option to collect credit and collect theta as well. Short the 90 strike and brought the 95 strike Calls. Short the 65 strike and brought the 60 strike puts 02:09by MustafaOzak23114
PINS Comming into buy zonePINS has sold off hard following the bearish harmonic completion. All three targets on that trade have been hit. Its now coming into a buy zone so I will be looking to start adding back to my long position in the 70/72 zone.Longby WadeYendallUpdated 2212
PINS Bearish Harmonic nears completionPINS has come into significant resistance as this bearish harmonic completes. Trimming positions or hedging a pullback would be prudent coming in to this zone. Entering a new position right now is not recommended as cheaper prices in the coming days are likely. The pattern is invalidated with a daily close above 90. Shortby WadeYendallUpdated 131314
PINS SnapbackPINS is on its 5 consecutive run up day. It has met resistance at the 85.50 level, while at the same time being over extended on bollinger band and overbought on stochastics. I wasn't able to post this at time of entry but got 85.3 price, expecting a 2-3 day pullback to average true range where it will meet back up with its moving averages around the 79 area.Shortby BBTrader29552
How long it will last? I think 88!Pin broke triangle formation, what should be the profit target for this move? --------------- THIS IS NOT A FINANCIAL ADVICE!Longby mildRice380062
PINS $80 Calls exp 4/16Entry around $77.00 TP: 80.00 SL: 75.50 Confirmation: Just crossed above the 50 MA. Broke resistance. MACD and RSI looking healthyLongby tis844445
PINSPINS idea Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.Longby ANDMK1
PINS Breakout Imminent$PINS Making higher lows on the daily Perfect bounce at 618 fib from low of 3/2020 Breakout above most recent 382 fib level. Above 50% we get bully. Might knock around within the wedge a bit more MACD peeking green on daily, losing bearish momentum on weeklyLongby HEWY_212114
PINS - no brainer short swingOverextended stock, ready for correction Overall market is weak, the is not that much buyers Weak fundamentals Head & shoulders pattern Just under MAs = bearish Shortby AnaBloemkoolUpdated 1
Head and ShouldersThe neckline is support until it is broken. If it breaks and a downtrend is noted, be safe if you are long. There is a gap below price that may serve as support if the neckline breaks with a down trend. Not a recommendation. This market can be a bit nuts )o: Folks run prices run way up, then the security is cast aside, and down they go.by lauralea4
PINs setting up for a continuation to downsideAs previously explained in our PINs play, PINs is playing with the supply area of a continued downside move.Shortby rickhubbard101
PINS, short-mid term bearishPinterest One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards. However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern. If and only if price breaks below neckline, the target price by project could be around 42.4. As you know nothing is going to be absolute and always give some buffer for price to dip lower, a zone of 35 - 42.4 will be a massive accumulation zone in my opinion. Will it ever get that low? No one knows. But let time be the litmus test. Kindly do your own D.D. Cheers JShortby jangseohee117
PINS Round DownPINS is forming a round down formation. Its underneath all of its moving averages, which will act as resistance driving price further down. Support is at 63 and price looks bearish along with the overall Nasdaq.Shortby BBTrader292
Pinterest. Teens are coming. I wouldn’t even touch this till it’s at about 17 bucks. Patience people. It’s going to crash n burn as the market takes a bit correction. Shortby CJS04220
H&S forming for PINTEREST 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. by Huntz0
PINS 🌦Pattern recognized: Running flat Elliot Correction Wave. Thesis: Bullish sentiment. Conclusion: waiting for a fractal on the 5 min before opening any call positions. ***This does not constitute financial advice.***Longby Moneymakero224