Bullish Charts - Golden Cross, Facebook Shuts Down HobbiPinterest, Inc. provides visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, home and style ideas, travel destinations, and others. It shows them visual recommendations based on people personal 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 founded in 2008 and is headquartered in San Francisco, California.
On 07/01/20, news hit the wires that said Facebook confirmed it was shutting down its rival website / app Hobbi leaving Pinterest with great potential & almost no competition.
With Short Sellers controlling around 5.54% of the stock, and the news that Facebook is shutting down its rival app, I think this stock could easily run and possibly double in price.
Daily Chart is Bullish
The 50-Day MA just crossed up above the 200-Day MA
Volume, MACD, RSI, Stochastic and Accumulation are all Bullish
The Cloud is Bullish - Indicators listed below.
12-Jun-20
20.89 Bullish Chikou Span Cross Strong
29-May-20
20.29 Bullish Tenkan/Kijun Cross Strong
26-May-20
19.50 Bullish Kijun Sen Cross Strong
26-May-20
19.50 Bullish Kumo Breakout
27-Apr-20
20.78 Bullish Senkou Span Cross Strong
PINS could be the only play in town for what it has and does.
Long!
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