PINS longPINS is likely to retest the recent ATH support before going up further.
Or PINS also can shoot up from current level. Let's see
PINS trade ideas
Social networks $PINS & $SNAPRaise your hand if you like $FB but hate Zuckerberg, I thought so.
$PINS (main chart) and $SNAP (blue) have started outperforming $FB (orange) quite significantly after the 'blow off top' in Tech up to September 2nd.
$PINS has especially wind in its sails after its earnings breakout and is on an ascending channel. $SNAP also seems to have found its mojo again in the mid twenties.
Pinterest outbreak pullbackNYSE:PINS showed an outbreak pull back setup. My safe entry is above the previous top (43 $). A Stop order could be placed below the support (38 $). Watching closely.
outbreak pullback setup - done
outbreak level is the new support
ADX is rising, +DI is positive - so the momentum is build
RSI is neutral
PINS Bull Flag in upper trendI like PINS long after a strong quarter. Maintained its gap up after earnings and is in a strong uptrend.
PINS Finally breaks to upside.Have been in this for a while. It hit T1 then just consolidated for a a while. See previous post.
Good opportunity to enter if you are not in it or add if price can hold the tan box and move up.
Shooting for dotted line targets.
$PINS Pinterest Revised Targets
PINS has staged a huge breakout and on high volume, traders must now turn their attention
to the long term trendline as the next major target | resistance.
Above that level $44 is on the cards.
PINS ATH BreakoutPINS just had another ATH breakout. It broke out of its range where it has been consolidating and formed a double bottom, leading to a breakout today. I suspect this will continue to run to $43 and the rest of week.
time for next leg upPEG. Power earnings gapper. consolidated from its tight flag and now pushing up with good volume
PINSIndicators:
1D:
- MACD: trying to uptrend
- StochRSI: losing momentum
- RSI: found a good support
- VWAP: coming near
4H:
- MACD: need to hold uptrend
- StochRSI: need to hold momentum
- RSI: found a good support
- VWAP: coming near
PINS- Megaphone pattern ideaAn idea for next week.
Although time continuity to the up side the general market is iffy right now.
$PINS Wedge Breakout On Volume$PINS buyers broke above the wedge top and they did it with force. Hugely bullish bar closing on its high with very big volume to support the move. A lot of times there are inside pullbacks to retest the wedge before continuing so this area and back are of interest for buyers to press back up to larger structure targets.
PINTEREST Publication DailyHey my friends, PINTEREST is in a bullish surge in bull hammer candle on low buy volume. We can see an attempt by sellers which failed, on TIMEFRAME 15 5 1 Min we are witnessing a repression. This time around buyers of in the 1 Min volume is on sale, PINTEREST is heading towards its next low. Which is located before the central median to start rising again, strong potential to fill the bullish gap. To look for the next high, she sets out to try to land on the next midpoint.
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PINS Bullish Bias F for a two weeks swing tardeIn Weekly chart we were breaking a small triangle and now we are in the pullback phase
