Pinterest long position
Updated
Hello everyone !
This is my first recommendation/analysis. Any constructive critique is welcomed. Sorry for my potential English mistakes.
PINS stock was affected by a correction after it's impressive Q2 2019 earnings report and it's stock jumped (+21% at peak).
The correction is characterized here by this orange down Trendline.
The stock entered in what we call a "trading range" (green rectangle). The probability for it to make a downtrend breakthrough is very low
considering PINS last earnings report, market confidence and increased monetization possibilities (strong ad marketing perspectives) in the future for PINS.
PS : the stock clearly broke the "trading range" rectangle (upwards) while i was writing these lines, which comforts the probability to gain some $ more.
Price target is high on the middle-long term.
Keep the looong :)
This is my first recommendation/analysis. Any constructive critique is welcomed. Sorry for my potential English mistakes.
PINS stock was affected by a correction after it's impressive Q2 2019 earnings report and it's stock jumped (+21% at peak).
The correction is characterized here by this orange down Trendline.
The stock entered in what we call a "trading range" (green rectangle). The probability for it to make a downtrend breakthrough is very low
considering PINS last earnings report, market confidence and increased monetization possibilities (strong ad marketing perspectives) in the future for PINS.
PS : the stock clearly broke the "trading range" rectangle (upwards) while i was writing these lines, which comforts the probability to gain some $ more.
Price target is high on the middle-long term.
Keep the looong :)
Trade active
Update : The stock goes up as predicted. Still some % to get. Keep it.
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