Pinterest Breaking Through Resistance? Pinterest - Short Term - We look to Buy a break of 26.97 (stop at 25.27)
Trading within the Channel formation. 26.50 continues to hold back the bulls. A break of bespoke resistance at 26.50, and the move higher is already underway. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 31.53 and 34.00
Resistance: 26.50 / 32.00 / 40.00
Support: 25.00 / 22.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Pinterestbuy
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.
$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
PINS long setup - 1:9 risk to rewardThis is crazy but I want to try this. My winning probability is lower than 15%. I am going to risk no more than 0.25% of my account in this trade. No gambling. Maybe i should buy some OTM calls.
PINS LONG SETUP:
Entry: $19.53
Stop-loss: $18.04 ($1.49 per lot)
Take-profit: $32.95 ($13.42 per lot)
Risk: 0.25%
Risk to reward: 1:9
Probability: Less than 15%
Disclaimer: I'm not a financial advisor. This is not investment or financial advice.
Trade safe,
Atilla Yurtseven