Pinterest's Price Momentum (NYSE: PINS)Shares of visual search and idea platform Pinterest (PINS -1.17%) skyrocketed on hours ago, following the company's third-quarter earnings report. While its stronger-than-expected third-quarter results and robust fourth-quarter revenue guidance were obviously key to the tech stock's big move higher, there was likely more behind the move than the details provided in the earnings release. For instance, investors may want to listen to Pinterest's earnings call to see if there was even more bullish information shared by management during the call.
The call was packed with useful information for investors -- and some good reasons to be bullish. Here are the two must-see takeaways from the call.
1. The advertising market is stabilizing
During times of uncertainty, investors look for management to provide clues that the macroeconomic environment isn't deteriorating. From Pinterest's view, it isn't. Indeed, advertiser demand seems to be stabilizing.
One way this is showing up is the trend the company is seeing in its average price of ads. Though ad prices on its platform were down 12% year over year, this was a huge improvement from 20% year-over-year declines in pricing last quarter. Management said this was driven by a combination of "industrywide demand stabilization" and the company's artificial intelligence-driven efficiencies gained across its ad stack during the quarter.
2. AI is becoming integral to Pinterest's business
One of the most repeated keywords during the call was artificial intelligence (AI).
"We continue to use AI to improve the relevance and personalization of our content recommendations and satisfy user intent on our platform through improved shopping experiences," said Ready.
In one example of how Pinterest is using AI, it's pairing it with large language models "to more precisely link product metadata to user queries to show ads that are visually and contextually relevant," Ready said. Doing this "drove meaningful improvements across cost per click and cost per action and better ads relevance."
With Ready calling AI a "great source of strength" for the company, investors should expect Pinterest to continue investing in it. Fortunately, it looks like it's already additive to the company's business performance; so shareholders are in the fortunate position of being able to see results from these investments quickly.
Pinterest's momentum in AI, a stabilization in advertiser demand, and its improving differentiation as a place for a unique and seamless shopping experience position the company well for a potentially solid fourth quarter and a strong 2024. With momentum like this, Pinterest's top-line growth could continue accelerating.
No wonder shares surged higher this week.
PIN
EUR AUD AB=CD Point C Pin Bar rejectionPrice has formed a nice AB=CD pattern.
It has rejected the 61.8 level at point C.
Take profit could be as much a 435 pips. A tight entry could a very nice risk reward. There for Risk reward of 13.5 or 4.4.
A nice rejection pin bar has formed, so a stop placed a bit beyond that is my preference.
Currently I can't see any sign of divergence.
I have seen a trendline breakout when using the smaller time frame.
The rejection pin bar sits nicely on the 61.8 level and the 1.62500. There is some structure there, but there is more on the 1.6300 - which may be the safer location for a stop loss..
Rejection of horizontal (blue) ascending resistance trendline.
AMAZON (AMZN) formed a pin barAMZN formed a pin bar yesterday.
Stock strenght is above 69.
Watch the stock and lets see if slowstochastic is going to reverse or check on lower timeframes if there is a entry signal.
Disclaimer:
This is just my tought: don't invest based on this idea.
Disclaimer:
This is just my tought: don't invest based on this idea.
Monero - Multiple bullish signals Dear trading friends,
First of all, I am following many coins/charts daily. If you want more TA please like and comment, and that is the best way to say thank you :)
The XMR/BTC chart is sending some good bullish vibes.
1. First, MACD is about to have a bullish cross . That did not happen for the past 27 days! And we had more than 14 bars on the bottom side, which validates the entry signal.
2. We have a bullish pin bar forming. On a day-candle chart here, that signal is a strongly bullish.
3. We have the lowest registered RSI ever for the XMR/BTC chart. Yes, go back on the chart, never been as low as now.
4. The support has been tested almost everyday for the past 10 days and have hold. Bears have failed here, and it is now time to go towards resistance.
There has been a sharp decline of the trading price for the past 15 days. It seems only logical XMR would go for an upward correction .
Plus, I don't see XMR going down beyond the support with that many bullish signals. We have seen the currency explode at the beginning of the month, and I expect a rally towards at least the white resistance trend line.
Stop loss at 23000 sats to invalidate the prediction.
Please feel free to comment and give me your opinion regarding this.
Best regards,
Greenou.
BTC-reasons not to buy (yet)4-hour chart:
1. Bounced off of support @ 6000
2. Crossed resistance @ 8000
3. Upper trend line resistance (secondary)
4. Bearish pin bar
5. Upper trend line resistance (primary)
6. Weak resistance @ 9000
7. Strong resistance @ 10000
8. Momentum slowing on EFI but no bearish divergence yet
Going long might look temping but price must overcome both primary and secondary upper trend lines, as well as stay above support at 8000. The pin bar (#4) shows that the bears still have control above the secondary trend line. Bullish momentum is also slowing on the EFI.
Scenario 1: Trend overcomes support @8000. Price heads for next support @ 6000. (support might also be found @ around 7k)
Scenario 2: Price overcomes secondary trend line but cannot break primary line.
Scenario 3: The bulls overcome both trend lines. Soon after it is likely to face weak resistance at 9000. To make a higher high, Bitcoin must break 9500 and strong resistance should be expected @ 10000. A clean break of 10000 would be a good sign that the balance of power has shifted.
XRP analysis. Analysis, counter-trend pin bar.1. Support @ ~0.66
2. Resistance @ 0.96
3. 8-day EMA (Dynamic support/resistance). The resistance has held since Jan 9.
4a. Bullish pin bar formed at key support level. Price retraced 50% of pin bar, which is not unusual.
4b. Potential reasons not to take this as a buy signal:
-Counter trend
-Pin bar spans both support and resistance
-Subsequent failed test of resistance @ 0.96 (yesterday and today). (See 5)
-Strong downward momentum (see 6)
-Poor risk/reward.
6. EFI {Close (current period) - Close (prior period)} x Volume-------------EFI has been negative since Jan 10. MACD lines also crossed around this time.
?. Prices are likely to soon retest support @ 0.66
Things to look for (bullish)
-break of resistance (horizontal levels and/or break above EMA)
-higher highs, higher lows
-counter-trend trades near support with good risk/reward potential and strong signals.
-EFI heading for positive territory.
-MACD cross
GBPNZD weekly pinWeekly pin has closed above a weekly pivot area (blue line) and current week is above the 2017 close which is usually a key area in most markets.
1st target is just below 2017's high but depending on how the market closes if it reaches this area will determine whether i stay in the trade or not/
DXY: Dollar bulls building pin bars ahead of next rallyDXY: Dollar Index
DXY is up and down like Harvey Weinstein's pants.
But those series of pin bars forming over the course of this
week shows serious support for the dollar at 94.41.
This whipsaw can persist a little longer and cause havoc with
positions (as in Gold, and across the pairs) and it's why it
helps to keep an eye on this chart if trading any pair against USD.
DXY continues to unwind the overbought conditions of last
week by moving sideways between 94.82 short term
resistance and 94.41 short term support...but those pin bars
are showing that ulimately the break will be to the upside.
Intend to keep accumulating Dollar longs on each test of
94.41 and increase once 94.90 has been broken on next
minor pull-back towards 94.80.
USDCHF short after weekly candle close below psych lev. 1.00000Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair which is in negative correlation with USDCHF. I think that if I'm correct any attempt to go beyond 1.000 will be stopped by 200 MMA on 4h chart.