Pinterest, Inc.Long
All bullish signals, trying to go bullish, in time for earnings
We can see on the weekly it is trying to rise above the 50 ma line staying above the 10 ma. We see bullish rsi strength about to break above 50 the upper bullish rsi area. The dmi shows a bearish trend changing into a bullish trend. The ADX shows the previous bearish downtrend weakening and changing trends, as the dmi is wanting to cross to become bullish. This is the only other time the stock has had the strength, momentum, or volume as it seems to try to go back onto a bullish path. Right now could be the end of the stage 1 consolidation period, time to accumulate, and entering the breakout stage 2 uptrend, it's rally.. this is all happening the day before earnings, so it might be in good interest to go Long or enter into a call position expiring after earnings.
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