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PINTEREST INCPINTEREST INCPINTEREST INC

PINTEREST INC

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PINS trade ideas

$PINS good (not best) buy point! (3/5)Conviction: 3/5 26.8 looks like a better entry Main thesis So far (mid week) bounced off of dark blue channel (2020) support. RSI-W touched historical bounce area (however, if we wait for bullish divergence there could be another leg down) Leg down could coincide with .786 retracement (26.8) RSI-D showing bullish divergence Misc Info P/S level of 9ish is high on absolute level, but on lower end of range relative to other high growth names As a reference, S&P 500 P/S is 3 right now. High margin and high growth Very healthy quick ratio Potential Risks RSI-W is still languishing at oversold levels, better to wait for a clearer signal Channel (2020) is super short, and does not include last major recession (2008) General markets are very expensive, and we all know correlation goes to 1 in selloff. High growth / expensive names seems like will sell off more than general market
NYSE:PINSLong
by asdf098
Pinterest First off, I'd like to apologize about my previous post on pinterest (See link). At the time that I posted that chart, i didn't fully comprehend the sell off that ensued these covid darlings. But like the old saying goes "Once u know better, do better".. If you go to your daily chart you'll see that there was a gap July 2020 at 25$ that needs to be filled. Also on the weekly you can see the obvious horizontal support at 25$. last week was a dead cat rally that fizzled at the channel reentry. That bounce gave the BBands time to catch up... I can't hammer in to you guys enough that this bubble 2020/2021 tech bubble has popped. For me being mostly a day trader drops in these stocks doesnt affect my bottom line. Some of you are actual investors who own stock in these companies and will now become bag holders for possibly the next 2-3yrs. Look at all the retailers who bought into EV stocks this year , 80% of those stocks have losses over 50% of their value; Now those type of losses has reached the low end tech stocks. The fat lady is singing
NYSE:PINSShort
by ContraryTrader
$PINS less stress and more pinterest *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This week my team has been investigating popular online product and idea discovery platform Pinterest $PINS. The company derives the majority of its revenue from selling digital ads. Last weeks 2nd quarter earnings reported an earnings beat of $0.36 per share on revenue of $632.9 million. The companies earnings weren't the greatest, but after downtrading for so long $PINS finally appears ready to soar once again. After correcting from an all-time high of $89.9 $PINS currently trades at just $45.8. Incredibly cheap shares! My team entered $PINS this afternoon at $45.5 per share and we plan to take our first profit at $53. This company is a no-brainer hold at these levels. OUR ENTRY: $45.8 TAKE PROFIT 1: $53 TAKE PROFIT 2: $64 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:PINSLong
by SimplyShowMeTheMoney
7
Pinterest Loosing Interest. PINSBearish patterns all around. A very beautiful zigzag already completed in a classical fashion (A=C). Despite literature, in our experience we do no see this type of arrangement commonest. Most correction in our opinion are really complex outright, thus we are expecting at least another zigzag, which it looks like started to paint itself out now. This implies that more drops are incoming, with possibly the next zigzag taking less time. We shall see. No guarantees or certainty in this game. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:PINSShort
by Rykin_Capital