PINS $80 Calls exp 4/16Entry around $77.00
TP: 80.00
SL: 75.50
Confirmation: Just crossed above the 50 MA. Broke resistance. MACD and RSI looking healthy
PINS trade ideas
PINSPINS idea
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
PINS Breakout Imminent$PINS
Making higher lows on the daily
Perfect bounce at 618 fib from low of 3/2020
Breakout above most recent 382 fib level. Above 50% we get bully.
Might knock around within the wedge a bit more
MACD peeking green on daily, losing bearish momentum on weekly
PINS - no brainer short swingOverextended stock, ready for correction
Overall market is weak, the is not that much buyers
Weak fundamentals
Head & shoulders pattern
Just under MAs = bearish
Head and ShouldersThe neckline is support until it is broken. If it breaks and a downtrend is noted, be safe if you are long.
There is a gap below price that may serve as support if the neckline breaks with a down trend.
Not a recommendation.
This market can be a bit nuts )o: Folks run prices run way up, then the security is cast aside, and down they go.
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.
PINS, short-mid term bearishPinterest
One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards.
However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern.
If and only if price breaks below neckline, the target price by project could be around 42.4.
As you know nothing is going to be absolute and always give some buffer for price to dip lower, a zone of 35 - 42.4 will be a massive accumulation zone in my opinion.
Will it ever get that low? No one knows. But let time be the litmus test.
Kindly do your own D.D.
Cheers
J
PINS Round DownPINS is forming a round down formation. Its underneath all of its moving averages, which will act as resistance driving price further down. Support is at 63 and price looks bearish along with the overall Nasdaq.
Pinterest. Teens are coming. I wouldn’t even touch this till it’s at about 17 bucks. Patience people. It’s going to crash n burn as the market takes a bit correction.
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.
PINS 🌦Pattern recognized: Running flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: waiting for a fractal on the 5 min before opening any call positions.
***This does not constitute financial advice.***
Pins good oportunity for long term!Pins will be a very good choice for med/long term!
For short term entry point 74/75 target 80+ Sop lose 72/73!
For med term entry point 65/75 target 90+!
For long term entry point under 60 target price 100+!
Strong suport at 60/62!
First resistence at 75 next at 90!
This it's not a financial advice, good luck to everyone!
Pinterest And Social Commerce: A Match Made In HeavenFollowing points are a collection of crucial insights about $PINS from several analysts from Seeking Alpha:
- Pinterest continues to outperform expectations as investments in monetizing users pay off.
- Pinterest could benefit from ad spend shifting from Facebook and Twitter as advertisers seek brand safety.
- PINS represents a mesh of Facebook , Google , and Amazon all in one . Combing search, social, and commerce together creates what (could be) the greatest value propositions in all of advertising.
- The Shopify partnership could be a game changer, granting PINS access to the largest and most important demographic of advertisers: small businesses.
Reiterating Buy rating, raising PT from $97 to $99. PINS is my 2021 Top Pick.
Price Targets
Piper Sandler: $85
Pivotal Research: $107.50
Stifel: $85
Target Price: $90+
PINS at Pivot PointCan play PINS both sides here depending on its reaction to the currently tested trendline (ascending dashed green line)
Price predictions are based off of supply and demand zones as well as Fib extensions.
Price movement (Blue and Red lines with arrows) isn't a a firm prediction but more of an indication of what important levels may be tested on both down and up-side.
Look out belowIPO'd at $23.75 just under 2 years go. Since then, we fell to $10.10 and rose as high as $89.90. What a time.
This week, we broke our COVID uptrend as these high flyers have fallen out of favor. I live PINS for the LT, however I don't see a good entry point for a while... We've really never had weekly consolidation since COVID, and certainly haven't had any monthly (most stocks had a much bigger correction in September 2020, but not PINS). So, what does this mean? We don't really have a base to reference for a bottom, so what can we do:
- Look at FIBs: $59, $50, or $40 are best options
- Look at pre-COIVD values: $37 high and $27 high immediately before COVID
- Look at the IPO price: $23.75
- Look at revenue multiples: FY 2018 of $0.76B/$23.75 = 31.25x. Let's multiply this by the FY 2020 revenue of $1.69B = $52.82. Unfortunately fundamentals don't matter, and 31.25x is egregiously high, so this is unlikely IMO.
I don't know where it'll bottom, but it will, and it's going to be ugly. Conservatively, I'd be happy to buy around $30/share, maybe* $40/share.
I love the fundamentals: $12+ ARPU in US and <$0.5 ARPU abroad with 80% of it's 450 million users abroad. It will shift to maturity and towards profit generation soon... that's the upswing I want to ride.
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%)
PINS uptrend for marchMarch is busy for $PINS
3/2: Morgan Stanley Technology, Media Conference
3/3: $PINS 1st-Ever Global Advertiser Summit
3/8: Head of $PINS Canada, Australia, and New Zealand will be keynote speaker for Int'l Women's Day event
Put/Call Open Interest Ratio 0.54
Put/Call Volume Ratio 0.54
Options: Expiration Date 03/19/21 (m):
Put OI 21,872
Call OI 80,494
PINS, getting ready for Investor day Sympathy of SNAP breakout after Investor Day. Investor Day of PINs is in early March. See perfect bounce from 200ma and high volume support area. On a green day, it can retest ATH.
long here with a tight stopnice dip entry here for pins, long 85.7 stop loss 84 and price target 91 in the short term, 100 if the top trendline breaks!
PINS Long Term Price channelThis may or may not be a price channel PINS is running in. It's definitely one to keep an eye on though!
