PINS trade ideas
PINS - Are we in a wave 5?I hope my analysis is true because I have been negative the moment I got in.
PINS possibilitiesPinterest has had a double-bottom right near the initial opening IPO price after a large unexpected loss on its first earnings. The price took a solid cut, but investors are still bullish given its solid numbers in revenue and user activity (definitely more important, to an extent).
I'm tracking two possible scenarios:
1) The current price is sitting on the edge of the gap down after earnings. There's a gap to fill above and the recent movement and volume suggests this could fill soon.
2) And on the other hand, the price is nearing the top of the channel it has traded in since earnings. Another retest of support probably won't hold in my opinion. I admit that I am bearishly biased here, but social media stocks seem to lose half of their IPO value before finding any traction (~$12 in the case of Pinterest).
All said, I'm remaining neutral until I see the next move. A break above and I'll go long for the gap to ~$30; a reversal from this area and I will go short at least until it reaches the bottom of the channel (but hopefully further). I don't have a solid time or price target on this move, but I would expect $20-21 to be the first stop.
Disclaimer: This is my own SPECULATIVE opinion and is not financial advice.
Potential Breakout on 1HRPossible breakout here on the 1HR. Could go either way but I have a feeling we are going to see bullish action very shortly.
Pinterest - long-term buyAs soon as the price overlaps as shown on the chart, this will be a confirmation for the upside.
Dead cat bounce?as you can see , the stock is now on a short to medium term downtrend, expect to bounce as it touches that descending trend line,
Pinterest reports smaller 1Q loss but results drag stockPinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger. Its revenue forecast, though, was slightly below expectations and its shares slumped in after-hours trading.
The company, which runs a digital pinboard and shopping tool, said Thursday that its net loss was $41.4 million, or 33 cents per share, in the January-March period. Its revenue grew 54% to $202 million from $131 million. The quarter's adjusted loss was 32 cents per share.
$PINS CAUTIOUS INTO PINTEREST INC. EARNINGS The current stock price of $28 seems to be quite a reasonable level, at least that is what they 14 analysts covering the name think. They have a average HOLD rating and a price target of $28, from which we should expect very little fluctuation on earnings . Today's earnings reaction could dictate the stocks performance for the foreseeable future. Hopefully expectations are meet and no mass sell off ensues, but we keep in mind the first few quarters of TWILIO and the volatility involved.
Kill Zone Reversal for PINSCurrently retesting previous uptrend line. Will fail to break up and fall back down and test new lows.
This is going below the open for the IPO.
PINS price increase of 3.8% and 27% decrease... The exchange rate is a symmetrical wave movement along an ATR axis. Therefore, the upward movement that is currently being developed can achieve an additional 3.88% increase. Then I expect a significant decline in the exchange rate, nearly 27%. The target price for the correction level is 24 usd. The target of the current rise is 30.72 usd.
PINS 5% decrease then 10% increase...PINS 5% decrease then 10% increase. Turning to a few days trading, the stock may be traded at 10%. The exchange rate adjustment level is 27.69 usd. It is advisable to wait for this decrease and start a long position from this level with a 30.58 usd target price. In the event that the wave structure discussed in the analysis develops, nearly 10% profit can be obtained.
PINS short idea $PINS hot IPO with first red day yesterday. SSR pop this morning likely shook out immature shorts. Previous days VWAP $32.40s, that's the measure or heaviness, most traders not feeling that yet. Thinking $28s possible, if they begin to feel pain. Using $33 as stop, thinking decent risk/reward here. Ideally under $32 may begin to worry FOMO chasers and offer chance to roll red on the day. Just sharing idea, as always patience and discipline see important.
Pinterest Investors Gained as much as 85% Return in just 12 DaysPinterest Investors Gained as much as 85% Return in just 12 Days after its IPO
