EURAUD with pin formation and fib level can be short positionWith the three pin formation and fib retracement level can be entered to the sell as we can expect news become negative as well wich will work for out position benifits.
Pins
PINS $80 Calls exp 4/16Entry around $77.00
TP: 80.00
SL: 75.50
Confirmation: Just crossed above the 50 MA. Broke resistance. MACD and RSI looking healthy
PINSPINS idea
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
PINs setting up for a continuation to downsideAs previously explained in our PINs play, PINs is playing with the supply area of a continued downside move.
H&S forming for PINTEREST Potentially 15% downside risk from $70 level if the H&S is confirmed.
We are below the 50d MA on the daily - not a good sign.
Most probable scenario for PINSGetting out of a bullish channel after 1 year and 2 failed tries to get back! Makes correction inevitable!
The next important levels could be 62-63 (-15%) and after that 53(-28%)
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come!
Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months!
I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks.
It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital.
1st day IPO = Bubble burst..!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia)
BMBL chart is 30 minutes, others are weekly charts..!
Please write your experiences of participating in IPOs in comments
Pinterest inc.: The Big ShortHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
PINS 64 PutsWeek expiring 1/8
Broke old support at 67.35 and will continue down to 64.20
(Current 65.90)
$PINS closed below 68 base.After forming nice based at 68 broke out towards 75 and formed shooting start pattern on December 23rd and sold off toward raising 50 MA (64.45). Need to hold this level move back above 68. If not it could see 58, 55 level.
$PINs seem to be ready for another runthis stock has been trying to break out of current base for a while now and finally 20 MA caught up yesterday. opened above 20 MA and held it so far which can be used as stop loss.
Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
PINS/Pinterest short-term tradingAs the price has broken its 45 degree trend line beside its MACD divergence I believe that we will have a short BEAR move in the PINS
Option Play: PINSThis is going to be one of my shortest explanations. Set an alert for crossing 66.25 - then buy calls. First target 68.5, trim a few, and then ride the rest to ATH. You decide expiration and strike based on time and levels and your risk. Beautiful setup.
LONG LYFT POTENTIAL 30% UPSIDELYFT starting to move after a POST IPO dump.
Looks good on the long side taking into consideration UBERs recent move above its IPO level.
Entering the Food business, I believe further government regualtion will be good for the stock.
Potential double bottom, trade into $50 resistance level.
Stocks To Watch This Week Nov 14I went through and created a watchlist for names that have held up well in this choppy environment. Most of these names are at or near all time highs or multi year highs. There are 40 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some financial stocks which may be starting to outperform the broader market. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
PINS : BOOMER DAY TRADEPosition established prior to earnings and scaling in on set-ups in the intermediate uptrend. This set-up is a day trade with a higher than 1:1 RRR with exit price set on previous high.
Pintrest - Blowing up ! but what goes up must come downNYSE:PINS Rule of nature - what goes up must come down. combine that with rule of velocity - faster you go the harder the crash!
Pinterest has exploded in less than 3 MONTHS (157 days) to an above 60$ price.
if we set the chart on a weekly time frame all we see is one big green candle, but correction is a must.
so let’s start with FUNDAMENTAL:
- with earnings of about 450 mil in Q4 and main emphasis on number of followers that grew to 442 million the stock skyrocketed to almost 70$, just before it fell back to the 60 line.
the earnings from advertisement in social media sector with these number of followers is expected to be higher, but because Pinterest is not Facebook and haven’t played in the big leagues long enough, these numbers caught investors eyes.
TECHNICAL SIDE:
stock is on a 25% angle from the moment it crossed the 20$ mark with consist supporting volume .
the convergence in the 50 line shows stability and i would be ok with saying that 50$ is the stock price.
Stochastic is overbought even after the correction from 70 to 59, and as it seems at the moment the stock is due to stay in the 50$ range.
Bottom line - I wouldn’t put a lot of hope in this stock crossing 70 so fast but I do see a great future to this company so in the long term it’s a definite buy, on the short i would say hold.
We analyze the market according to the MCBA method (market cycle based analysis) that we developed on combination between Elliot wave theory along with Volume cycle reading
the above is our personal opinion and never a trading advice or recommendation
Trade safe!
