Pinterest, Inc.Long
PINS entry under 24
Updated
Positive earnings with a growth runway. The positive catalyst with lockdown and restrictions. With the side hustle culture picking up exponentially, Pinterest is a great platform to build an audience and sell products, especially for small businesses. Extremely low debt with good revenue growth. Long term Prospect.
TA(Entries marked)
1. Trendline support
2. RSI still relatively high and would wait for RSI<45 (indecision hammer might create that opportunity)
Short term target: 27.4
TA(Entries marked)
1. Trendline support
2. RSI still relatively high and would wait for RSI<45 (indecision hammer might create that opportunity)
Short term target: 27.4
Note
One of the best setups.Bummed i only wrote puts for PINS instead of buying calls or the stock.
Look how perfectly it tested the Monthly level at 36. Despite not fully investing in this call, I'm glad it played out to the absolute point. I love levels.
A break of 36 and there's a lot of room for upside because guess what? There's no resistance from there.
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