Pinterest, Inc.Updated PINS, STRIKE, SPARE OR GUTTER BALL? YOU DECIDE
The important stuff kept quick.
Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets
Green = support, expect bounces
Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent move to the upside left. IMO, lots of risk in bullish positions where profits aren't quickly taken.
There is downside showing all the way to $12.
There is upside showing to $54, but 43 and 48 are more likely.
Good luck!
Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets
Green = support, expect bounces
Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent move to the upside left. IMO, lots of risk in bullish positions where profits aren't quickly taken.
There is downside showing all the way to $12.
There is upside showing to $54, but 43 and 48 are more likely.
Good luck!
Note
pins looks to be seeing some upside before earnings, be careful if those price targets occur during or after earnings.
Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.