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PINTEREST INCPINTEREST INCPINTEREST INC

PINTEREST INC

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PINS trade ideas

PINS: Double top confirmation opens the downsidePinterest Short Term We look to Sell at 22.15 (stop at 23.35) Posted a Double Top formation. Bias is mildly bearish today but we need to see a break of 21.25 to confirm the downward pressure. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 22.15, resulting in improved risk/reward. The previous swing low is located at 16.78. Our profit targets will be 17.35 and 16.15 Resistance: 22.78 / 24.00 / 26.30 Support: 21.25 / 20.42 / 16.78 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PINSShort
by VantageMarkets
PINS - potential golden cross?PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway. Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:PINSLong
by Juliac
PINS: Putting in a rounding bottom or going for a nosedive?PINS has been stuck in a pretty wide trading range for the majority of the year. In September it looked like the stock will make a push for the upper range but last week cold water got poured on it. Now I am looking for a couple of specific things for an entry. Next week or next two weeks I am looking for a retest for $21 - $20 support region (wave 1 area of the diagonal structure) and not a break below $18. If that holds, I would look for a rally into the upper range $27 - $30 area. I will be keeping a close look on RSI for a negative divergence between wave 3 and wave 5 on the daily timeframe. On the weekly timeframe, there might not be a divergence on RSI, but it should retest the resistance area. From there it should be a nice short setup for a minor wave 2 or in the worst-case, wave Z (of wxyxz). In case of wave 2, it should be sharp and violent drop towards $18 after coming out of an expanding leading diagonal. If wave Z, it can drop to previous all-time low area but should be rather slow and steady. in any case, the short entry should be profitable. After that, I'd look for a 5 up and 3 down move for the next long entry, most likely towards the end of year. The chart should paint a cup and handle type pattern. Current market environment is very challenging and thinking about any support holding feels like a pipe dream; when Dow and major indices are breaking support. But some charts are looking rather interesting not to ignore.
NYSE:PINS
by mukit1
PINS SHORT IRON CONDOR TRADE IDEA, 7-22-2022$PINS - Short Iron Condor Trade Idea: Expiration AUG 19th (28 Days) Long Call: $30. Short Call: $27. ------ Short Put: $16. Long Put: $13. $80 credit (as of 7/22). $300 Collateral. Risk:Reward Ratio: $300 : $80, or 3.75 : 1. Today $PINS had their big drop in sympathy with $SNAP's sub-par ad revenue reporting from the $SNAP earnings call. $PINS' Earnings are on 8/1/22 pre-market. If and when they also declare their lousy ad numbers the stock could tank further and this is a significant risk to this trade. I sold one contract. And hope not to get creamed on this one. Unfortunately for me, the low risk:reward ration all but guarantees I'm going to eat it! But I'm going to stick with the glass being half-full for the time being. Good luck to me, I will certainly need it!
NYSE:PINS
by zach6667
1
Why did Pinterest’s shares surge 16% last Friday?Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform. Top-level departures The news came just two weeks after the company, which has been struggling with declining monthly active user numbers, announced that founder and CEO Ben Silbermann, has stepped down from the top job after more than a decade at the helm. Silbermann, 39, co-founded Pinterest with Paul Sciarra and the company’s former chief design and creative officer Evan Sharp in 2010. He was succeeded by Bill Ready, formerly from Google. The Information reported in late January that Pinterest had lost at least seven senior executives — in roles ranging from creator marketing to corporate development — at the time. Losses mount on shrinking user base The CEO change came as Pinterest booked another quarterly loss in the first quarter of 2022. Net loss totaled $5.3 million in the three months ended March 31, down from $21.7 million a year earlier, while revenue surged 18% year over year to $574.9 million. Still, the company continues to suffer from declining user numbers. Its global monthly active users (MAUs) in the first quarter narrowed 9% from a year ago to 433 million, falling short of estimates. In 2021, the company’s MAUs shrank 6% from 2020 to 431 million. TikTok wannabes Pinterest has employed various measures to bring back users to its platform including attempting to be like TikTok. The platform launched a video-first feature called “Idea Pins” in May 2021, allowing users to post short-form videos. It follows the launch of a “watch feature” in October 2021 that was similar to TikTok’s feature in which users scrolled through short videos. Pinterest is not the only app to attempt to be like TikTok. Even Meta Platforms’ (NASDAQ:META) Facebook and Instagram apps have introduced “Reels” to their platforms as the short-form video trend gains more momentum. Alphabet’s (NASDAQ:GOOGL) YouTube also introduced “Shorts” in late 2020 to keep up with the trend. Elliott stepping in With Elliott Investment Management reportedly taking a more than 9% stake in Pinterest to become the group’s largest shareholder, the activist investor could prompt Pinterest to speed up the restructuring of the platform’s business strategy. Elliott is known for being an aggressive activist investor and among the most notable changes it helped carry out was the 2021 departure of Jack Dorsey as CEO of Twitter (NYSE:TWTR), the company he co-founded. Elliott has also pushed for the spinoff of certain assets from eBay (NASDAQ:EBAY), leading to the divestment of StubHub in 2019 and Classifieds in 2020. The WSJ report, which cited people familiar with the matter, said Elliott has been in talks with Pinterest over the past several weeks, although the subject of their discussions could not be determined. Kenneth Squire, chief investment strategist at shareholder activism research firm 13D Monitor, said Elliott’s investment “is a sign of confidence in Ready’s ability to pursue several opportunities to better monetize the company’s user base.” Elliott Investment Management could push Pinterest to boost its ad revenue in global markets where they are getting 10 to 20 cents per month per user. The platform could also increase its revenue by bolstering its e-commerce service. “Given their expertise and history, we would expect Elliott to look for a board seat here, like they did at eBay and Twitter,” Squire said. Squire expects the shakeup of Pinterest to be amicable as Elliott has gained a lot of respect from shareholders and directors in the tech sector since it shook things up at Twitter and eBay. Pinterest’s shares are down 44% year-to-date as of Friday, and down 71% from a year earlier.
NYSE:PINS
by BlackBull_Markets
2
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 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PINSLong
by VantageMarkets
1