Pinterest / PINS - Idea I.

hey Guys,

- Yearly Chart is bullish, Double Bottom and Engulfing Candle.

->Targets … 41 … 45 … 49.

Quarterly: Bullish Candle breakout above the Highs of Q1.

-> But it is retesting a major supply line and a yearly FIB. - creating a Grey Zone which divides the Stock into a bearish zone below and bullish zone above.

Monthly: Bullish candle - Stochastic Bullish but OB.
-> caution as we could see some Profit taking / reloading at lower prices.

3D: Signs of a possible reversal: Ascending Triangle, Fifth Wave, Diagonal Moving Stock (Distortion?)
Breakout to the upside would be extremely bullish…
Lower prices could be seen as a great buying opportunity.
targets Bears: 41 38
Targets Bulls: 45 49

Please let me know if you would like me to analyse an Instrument for you.

Thanks for reading




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