PINS looks good. With elliot management stake news on friday. This should be ready to move higher if market acts strong. Above 21.10 looks really good. Can use 20.40 as SL
JUL 22 22C can work
PINS trade ideas
PINS: Activist could change fortunes?Pinterest
Short Term - We look to Buy at 18.86 (stop at 16.57)
This stock has recently been in the news headlines with hedge fund Elliot Management reported to have taken 9% stake in the social media company. The bullish engulfing candle on the 4 hour chart the positive for sentiment. There is scope for mild selling at the open but losses should be limited. Support is located at 18.00 and should stem dips to this area. We look to buy dips.
Our profit targets will be 24.90 and 27.00
Resistance: 25.00 / 28.00 / 36.00
Support: 17.00 / 12.00 / 6.00
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PINS ChartPINS descending wedge breaking down on the 15 minute time frame.
Overall relative weakness showed in past months.
PINS High Options VolumeBought a call. High options volume. Possible double bottom. Stop loss in plance.
$PINS likely will be aquired in the future In 2021 $PINS had two looks at being acquired for around $45-51 billion by PayPal and Microsoft. While these deals didn't go through they are still a highly likely likely acquisition target with their larger user base of 440 million. With a $14.5 billion current market cap there is great upside if a future acquisition is even below the previous targets.With the user growth already ticking up again and a profitable business model I believe $PINS is a good value aside from acquisition as well. Their advertising business is primarily keyword targeting similar to how google search works which is one of the most accurate types of advertising which fetches the highest returns. Right now they are making about 50 cents EPS with a 12.5% net margin, due to their high gross margins this can easily move up to 20-30% in the future.
If they execute their business well they could potentially fetch a higher acquisition price in the future or in a more bearish case they would still likely sell out at a lower price then previously offered but still a substantially large share price compared to what they are currently trading at.
Put a Pin in PINTRESTBullish bat on HTF found on Pintrest with reversal divergence painting in the indicators :)
$PINS: Bullish Divergence at PCZ of Bullish BatPintrest is at a very interesting area and we are already getting a bit of a Bullish reaction here once the MACD crosses Bullish on the Daily we should see some nice follow-through
Don't pin your hopes on this Pinterest
Short Term - We look to Sell at 22.42 (stop at 24.30)
Our outlook is bearish. The medium term bias remains bearish. We can see no technical reason for a change of trend. 20 1day EMA is at 22.00. Preferred trade is to sell into rallies.
Our profit targets will be 15.71 and 13.70
Resistance: 22.00 / 28.00 / 40.00
Support: 18.50 / 15.00 / 10.00
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.
PINS Long
catching a falling knife here
contrarian / counter-trend trade for a good R/R
stop if closes below redline
Pinterest (NYSE: $PINS) Is A Top Social Media Company! 📍Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
$PINS next supports in the low teensPinterest just broke a key support at $22 which leads me to believe there's more downside before finding relief.
The next supports are in the low teens ($11-16), let's see if price can hold those levels.
PINS down to lows and gap filled - Low Risk Swing TradeBullish divergence on daily, and weekly shows also a very good place to buy. If PINS continues below 23 you have little to lose. Allow time in your options. I will go out for this one and hold through next earnings.
Expecting PINS to Break Out and Hit ~$35PINS has been trading around this volume area/Monthly/Weekly SR level for a while now, and looks like it is getting ready to break out.
The Weekly MACD has shown the 'buy signal' and shorter term indicators (EMAs, MACD) are fairly bullish as well.
I am targeting $35 since that is the next volume area, and also a Monthly SR level.
There is a gap below that needs to be filled, so planning an entry around that would be ideal, and gives very good RR as well.
If it doesn't retrace, then playing the breakout over the Weekly SR is fine too.
Also worth noting is that past $35, there is a lot of room for it to run as there are no major (Monthly/Weekly) SR levels until ~$60. But I wouldn't get greedy and look for that.
PINS target 31-34Chart can consolidated and looks ready to move upwards into earnings. 31 looks likely; 34 possible.
PINSvery nice chart.
act at the trigger line.
rsi gave buy signal.
no surprise if the stock jumps 10% + X the next trading days...
PINS LONG OVER $28watching for PINS to break over $28.00 and hold.
Has a low volume node to fill towards the upside. Very similar setup to TWTR.
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.
Recap: 3/24 PINSStrat play 4/2 25p
Setup: 2-1-2 bearish reversal
Theoretical loss: 0.73->0.54
No one playing options. Low liquidity -- removing from watchlist.
Khans Intraday-Ideas 03/21/22 - 03 - PINSSee if it holds the trendline after a slight pullback. A lot of open POCs above
$PINS for a few weeks...Pending market participation over the next few weeks, eyeing this one, have some 4/14 $30 calls, target $30 in a few weeks...see what we can get
Bullish Engulfing Candle on the weekly PINS ChartPINS may have officially bottomed. The Bullish Engulfing candle created this week of trading can commonly be found as a marker to show trend change and be the marker of a bottom. Price may come back down for a retest but its a good price to go long and set a stop loss a bit lower than $22.
