PINS: Bullish option flow predicting a retest of ATHsLove the set up here in PINS. strong trendline from November 10th lows. I think a rest of the post earnings high is in the cards before year end.
PINS trade ideas
$PINS Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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Pinterest Climbs higher as Dorsey and Zuckerberg get Grilled
Contrasting fortunes today for the media stocks while TWTR & FB Ceo's faced a grilling, PINS drove higher
Potential short term trade entry above $64..0
target $68.50
PINS breakout & possible reversalPINS break out from downtrend and closed in fib golden pocket.
Play the breakout above 62.50 level and need volume to confirm a trend reversal.
Price Target 68.93 & 73.51 based on fib retracement
$PINS
Potential long entry today on a break above downtrend.
Fibonacci confluence targets =
$69.00
$74.00
Indicators in reversal.
BUY 1 BUTTERFLY PINS 100 20 NOV 20 58/64/70 CALL @1.25 LMTJournaling here analysis via YT channel on the way.
Pinterest 4 hourSell. Will see prices pullback to the 18 MA then go down to break the 54.57 support/resistance level down to the 48.66 support level then prices might pullback to retest the 54.57 level and then trend downwards breaking the 48.66 support to complete downtrend
pinterest on a hammer black hammer candle stick with a long lower wick means that there is a buying pressure but still the price is going down. Normally, i should wait for a confirmation for the price to gap above or else i could commit an important error.
PINS : BOOMER DAY TRADEPosition established prior to earnings and scaling in on set-ups in the intermediate uptrend. This set-up is a day trade with a higher than 1:1 RRR with exit price set on previous high.
$PINS - 2 very nice and possible scenarios here Bullish$PINS - 2 very nice and possible scenarios here Bullish
PINS golden pocket PINS in fib golden pocket, expecting PINS to recover to 69 & possibly breakout to 72
Potential Wave Count on Pinterest $PINSNOTE: After wave 5 we might see a steep correction so not the best time to enter... BUT the opportunity for a day trade is there to ride this final 5th wave. This is all coming out of a larger falling wedge which is a bullish pattern upon breakout.
Not financial advice and I'm new to Elliot wave so lmk if you see inaccuracies.
PINS - Runaway or Exhaustion Gap?My take is that it is still a runaway gap and the bullish trend will continue. Reasons being:
1. broke out of a 1.5 years base formation on 31 July (breakaway gap)
2. recent pullback stopped short at the 62% fib support @ 56.30 (ie only partial gap fill)
3. recent hi @ 68.95 is the ATH (all time hi), there is no other historical resistence.
Immediate Stop Loss @ 56.20 (slightly below the 62% fib support). Consider to take partial profit near 69 but ride the rest until a change in trend is evident.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Pintrest - Blowing up ! but what goes up must come downNYSE:PINS Rule of nature - what goes up must come down. combine that with rule of velocity - faster you go the harder the crash!
Pinterest has exploded in less than 3 MONTHS (157 days) to an above 60$ price.
if we set the chart on a weekly time frame all we see is one big green candle, but correction is a must.
so let’s start with FUNDAMENTAL:
- with earnings of about 450 mil in Q4 and main emphasis on number of followers that grew to 442 million the stock skyrocketed to almost 70$, just before it fell back to the 60 line.
the earnings from advertisement in social media sector with these number of followers is expected to be higher, but because Pinterest is not Facebook and haven’t played in the big leagues long enough, these numbers caught investors eyes.
TECHNICAL SIDE:
stock is on a 25% angle from the moment it crossed the 20$ mark with consist supporting volume .
the convergence in the 50 line shows stability and i would be ok with saying that 50$ is the stock price.
Stochastic is overbought even after the correction from 70 to 59, and as it seems at the moment the stock is due to stay in the 50$ range.
Bottom line - I wouldn’t put a lot of hope in this stock crossing 70 so fast but I do see a great future to this company so in the long term it’s a definite buy, on the short i would say hold.
We analyze the market according to the MCBA method (market cycle based analysis) that we developed on combination between Elliot wave theory along with Volume cycle reading
the above is our personal opinion and never a trading advice or recommendation
Trade safe!
$PINS Bullish in a Sea of BearsGreat stock that doesn't seem to care what SPY is doing as far as I can see.
Remain long and enter when we hit the bottom blue trend line.
If we bounce at the dotted blue trend line and no longer reach the solid one, enter there.
Pinterest idea was SPOT ON! A bit late but worth to note that Pinterest did EXACTLY what i had predicted ahead of earnings!
Huge gap up to an ATH following right behind SNAP huge Q3 earnings beat.
Its worth noting that ad revenue was on record level with Pinterest and that's why the stock headed up almost 35%!
Its cool to see plays working out!
Short term though, i believe we are headed for a super ugly November mainly on election volatility, lack of stimulus and covid cases rising.
congrats to anyone who played this!!all out from my 52 alert, looking for a similar entry! if i dont get one im not mad, big profits! congrats guys :)goodluck. leave a like you found this helpful! thanks <3
