Let's make a deal!Paypal is in talks with Pinterest about a possible takeover. The price per share is being discussed in the neighborhood of $70. It would be around $39 billion. Potential earnings, if you go in at this point, could be 11%.
Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Stock trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Pins
$PINS | WEEKLY WATCHLIST 10/17Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart.
I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled Daily gap above from roughly $61-70.
Volatile Bearish PINS movePINS has broken below a short term VWAP at 55.40 which was helping it sustain bullishness but now the contrary seems more likely to happen. I believe a large bearish move will occur within PINS due to BBW squeeze signifying that we are in a low volatile area which tends to beget a very large move. The reason I am bearish is because even though the green line crossed the red RSI we have not seen positive white energy. Not only that but the blue line looks like it is rejecting the 50 level which means we can seen a walk amongst the white/aqua lower Bollinger Band. If we see the red RSI cross below the 20 point then we will see a level 2 expansion zone to the downside meaning it may walk amongst the orange Bollinger Band. My price target is 50 since a VWAP rest there but don't be surprised if we break through that.
Bearish Signals
-Blue Line rejecting 50 lvl
-Below Bollinger basis
-Red RSI heading to lvl 2 expansion zone
-Green line rejecting 50 lvl
PINTEREST Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
$PINS | WEEKLY WATCHLIST 9/13I suspect we may try testing the 78.6% retracement based off of last Friday's weak price action. Very solid swing setup as long as the fibonacci box holds, otherwise further correcting will be needed. Patience and waiting for confirmation for me on this one before entering. Can see a nice impulsive move to $61 (bottom of unfilled Daily gap) if buyers step in.
PINS Update(bullish)Today I watched a critical point for PINS, as to find out whether we were getting false signals. We ended up bouncing off of a Fibonacci support(56), which is a close above the swing low. Not only do I think this is a great time to buy but I believe we will achieve a price target of 70 as seen by the anchored VWAP. The last time we were given similar buy signals we've seen the stock rise to this VWAP which currently lies at 70. Tomorrow(sep 2) should be interesting since we have Fib based time that dictates we may see a great move to the upside. Not only do we have Fib time, but we also have bullish signals that I've noted in prior TA such as the squeeze indicator and the cycle willy.
Bullish Signals
-Squeeze indicator
-Cycle Willy
-Weis Wave(reduced selling volume)
+anchored VWAP
Price Targets
-1st 65
-2nd 70
$PINSPinterest tracks monthly active users, or MAUs. If you open the app, go to the website, or even save a pin through a browser extension during a calendar month, then you're a MAU. This stands in contrast to other platforms like Snap's Snapchat that track daily active users, or DAUs. Obviously, it's easier to get a MAU than a DAU.
As a whole, Pinterest's user base increased in Q2. Globally, MAUs increased 9% year over year to 454 million. This was due to a 13% increase in international users -- the larger user base. However, MAUs in the U.S. decreased 5% from the same quarter last year.
It might seem like this doesn't matter. After all, the larger user base -- international -- grew. However, Pinterest makes a lot more money from U.S. users than international users. Average revenue per user, or ARPU, in the U.S. was $5.08 compared to just $0.36 per international users.
Therefore, Pinterest is losing its most valuable users. That's why the stock unsurprisingly fell.
On the technical side of things.. Pinterest has finally found support on the daily chart after a long battle since earnings.
This Ccould possibly be a good time to look at this.
I’m bullish.
First target - $60
Second target - Gap fill.
Keep this on your watchlist.
- Factor Four
Pinterest - Early signs of a TurnaroundIts still very early in this trend but I'd consider this promising.
My Special Sauce shows It's just starting to show signs of a turnaround. Still not sure if this will be a strong or a short upswing.
Right now its looking like a little temporary jump up... Will now more next week.
Definitely worth watching
How I'm Watching PINSPINS has steadily declining while displaying some bullish divergence on the 4h. I'm overall long on this stock and believe we are currently in a buy zone. My Fibonacci extension dictates that we have support at 52.40 and if we go below that then it suggest a time to sell. Do your own TA for buy signals but this price is great to watch.
Added to $PINS New Target 79.14 for 25.26%$PINS Target 79.14 for 25.26%
Or next add at 53.96
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$PINS Left a window open, let’s close it.NYSE:PINS went through a bit of a sell off into and on their earnings day. The earnings day selling was drastic at open and that caused a window to open in the chart. We should close it before it gets crafty.
Currently on the 8hr chart we closed just above support and on the 0.5 of the upper channel fib of the descending trend. Attempting to enter again at support ($55.75) on a slight retrace could prove successful or entry can be taken slightly higher to be safe.
A few points worth mentioning:
- RSI is bottomed out.
- MACD is showing that nearish momentum has eased off and may flip into a bullish state soon.
- Cipher B showing a buy signal on the 8hr chart
- Looks like earnings day sell of may have finished based on the final 8hr candle closing as a doji. Momentum in the candles is visually easing.
- Massive window opening between $60.88 & $70.39
- Near to 0 of the previous uptrend fib lines, representing a near full retrace. No bounce and traveling further past our 0 line at $53.91 could represent downtrend continuation.
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.
PINS divergenceAlthough we have seen reductions in selling momentum the stock has steadily moved lower following more buy signals by the Willy Oscillator. What gives me great conviction in this play is that regarding gap downs, they tend to act as support. We also have a VPCI buy indication on the daily which tends to give early buy indications. My signal to get out of this play is if the selling momentum starts to ramp up. I believe the probabilities on our side, therefore this is a great entry.
Bullish Signals
-Bullish Divergence
-Gap Down(support)
-Willy Oscillator
-VPCI (daily)
Gap Up Target
-70
PINS Potential Dip BuyPINS recently has shown the first indication of a reversal at its historical support which was by the VPCI indicator. Although I think this is a great entry, I want greater confirmation from the Squeeze indictor(a reduction in selling momentum) because without this confirmation it may potentially break below support. If PINS bounces off of support following bullish signs regarding the momentum then it allows for a great swing. Keep in mind that PINS gapped down which usually lead towards a new form of support, but it is always best to wait for confirmation.
Bullish Signals
-VPCI
-Near historical support