Pinterest earnings playanother pretty clear earnings play here. PINS has been riding this support line for awhile now. I think there is a big move up towards $45 after earnings.
Key facts today
22.018 ARS
−10.48 B ARS
899.50 B ARS
About Pinterest, Inc.
Sector
Industry
CEO
William J. Ready
Headquarters
San Francisco
Founded
2008
ISIN
AR0752208279
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
Growing Pains - Bear FlagPinterest earnings did not impress investors, a huge sell off ensued and now we are breaking down in a giant bear flag pattern, suggesting the downside risk remains in this asset.
We also rejected from the golden pocket suggesting this uptrend is now over and bears are back in control.
Fundament
$PINS - Risky businessNYSE:PINS is trading inside an upward channel with higher highs and higher lows. The earnings could make or break the channel. If the ER is good, it could hit the $36 area.
It is a risky earnings play.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You
PINS eyes on $32.05: Golden Genesis fib trying to form "Bottom" INS trying to paint a bottom with a secondary bounce.
Currently dancing on a well proven Golden Genesis fib.
Earnings could launch form here or trap price below.
Lets see if they whisper "A.I." during earnings for a boost.
One would think Ai could do a lot with collections of photos.
Matched ads sh
PINS eyes on $32.05: Golden Genesis fib to boost recovery?PINS had a siginficant pullback from recent highs.
Could paint a bottom if holds Golden Genesis fib.
Swing targets are next two sister fibs (blue) above.
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PINS: Unclear what is next, but a long-term opportunity anywayThe price action for PINS since August of 2024 looks like a big 3 waves corrective move upward. This could be considered as the B wave if we see the big drop from June as the A wave correction. Since that correction was in 5 waves, it can be either the first part of a zigzag or wave 1.
Now, one can
ChanceSince June 2022 we are in an uptrend. Despite the steep correction since end of June it is unbroken. The correction still looks healthy and since May we can see a promising rising cloud.
This gives a chance that the bottom that has been built in August 2023 will hold again and we can start to resume
Pinterest Shares Plunges Nearly 14% Despite Upbeat Q2 ResultsShares of Pinterest Inc. ( NYSE:PINS ) took a steep dive in early trading on Wednesday, plummeting nearly 14%. This sharp decline occurred despite the company reporting second-quarter results that surpassed expectations. The market’s reaction underscores investor concerns about the sustainability of
$PINS - WatchingNYSE:PINS Pinterest sold off hard on weak guidance after hours. It could be a good bounce play if we can get an entry at $28 or below. 👀
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