Iron Condor - PINSI love when I see high IV rank, higher the better for me.
I always sell my option to collect credit and collect theta as well.
Short the 90 strike and brought the 95 strike Calls.
Short the 65 strike and brought the 60 strike puts
PINS trade ideas
PINS Comming into buy zonePINS has sold off hard following the bearish harmonic completion. All three targets on that trade have been hit. Its now coming into a buy zone so I will be looking to start adding back to my long position in the 70/72 zone.
PINS Bearish Harmonic nears completionPINS has come into significant resistance as this bearish harmonic completes. Trimming positions or hedging a pullback would be prudent coming in to this zone. Entering a new position right now is not recommended as cheaper prices in the coming days are likely. The pattern is invalidated with a daily close above 90.
PINS SnapbackPINS is on its 5 consecutive run up day. It has met resistance at the 85.50 level, while at the same time being over extended on bollinger band and overbought on stochastics. I wasn't able to post this at time of entry but got 85.3 price, expecting a 2-3 day pullback to average true range where it will meet back up with its moving averages around the 79 area.
How long it will last? I think 88!Pin broke triangle formation, what should be the profit target for this move?
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THIS IS NOT A FINANCIAL ADVICE!
PINS $80 Calls exp 4/16Entry around $77.00
TP: 80.00
SL: 75.50
Confirmation: Just crossed above the 50 MA. Broke resistance. MACD and RSI looking healthy
PINSPINS idea
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
PINS Breakout Imminent$PINS
Making higher lows on the daily
Perfect bounce at 618 fib from low of 3/2020
Breakout above most recent 382 fib level. Above 50% we get bully.
Might knock around within the wedge a bit more
MACD peeking green on daily, losing bearish momentum on weekly
PINS - no brainer short swingOverextended stock, ready for correction
Overall market is weak, the is not that much buyers
Weak fundamentals
Head & shoulders pattern
Just under MAs = bearish
Head and ShouldersThe neckline is support until it is broken. If it breaks and a downtrend is noted, be safe if you are long.
There is a gap below price that may serve as support if the neckline breaks with a down trend.
Not a recommendation.
This market can be a bit nuts )o: Folks run prices run way up, then the security is cast aside, and down they go.
PINs setting up for a continuation to downsideAs previously explained in our PINs play, PINs is playing with the supply area of a continued downside move.
PINS, short-mid term bearishPinterest
One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards.
However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern.
If and only if price breaks below neckline, the target price by project could be around 42.4.
As you know nothing is going to be absolute and always give some buffer for price to dip lower, a zone of 35 - 42.4 will be a massive accumulation zone in my opinion.
Will it ever get that low? No one knows. But let time be the litmus test.
Kindly do your own D.D.
Cheers
J
PINS Round DownPINS is forming a round down formation. Its underneath all of its moving averages, which will act as resistance driving price further down. Support is at 63 and price looks bearish along with the overall Nasdaq.
Pinterest. Teens are coming. I wouldn’t even touch this till it’s at about 17 bucks. Patience people. It’s going to crash n burn as the market takes a bit correction.
H&S forming for PINTEREST Potentially 15% downside risk from $70 level if the H&S is confirmed.
We are below the 50d MA on the daily - not a good sign.
PINS 🌦Pattern recognized: Running flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: waiting for a fractal on the 5 min before opening any call positions.
***This does not constitute financial advice.***
Pins good oportunity for long term!Pins will be a very good choice for med/long term!
For short term entry point 74/75 target 80+ Sop lose 72/73!
For med term entry point 65/75 target 90+!
For long term entry point under 60 target price 100+!
Strong suport at 60/62!
First resistence at 75 next at 90!
This it's not a financial advice, good luck to everyone!
Pinterest And Social Commerce: A Match Made In HeavenFollowing points are a collection of crucial insights about $PINS from several analysts from Seeking Alpha:
- Pinterest continues to outperform expectations as investments in monetizing users pay off.
- Pinterest could benefit from ad spend shifting from Facebook and Twitter as advertisers seek brand safety.
- PINS represents a mesh of Facebook , Google , and Amazon all in one . Combing search, social, and commerce together creates what (could be) the greatest value propositions in all of advertising.
- The Shopify partnership could be a game changer, granting PINS access to the largest and most important demographic of advertisers: small businesses.
Reiterating Buy rating, raising PT from $97 to $99. PINS is my 2021 Top Pick.
Price Targets
Piper Sandler: $85
Pivotal Research: $107.50
Stifel: $85
Target Price: $90+
PINS at Pivot PointCan play PINS both sides here depending on its reaction to the currently tested trendline (ascending dashed green line)
Price predictions are based off of supply and demand zones as well as Fib extensions.
Price movement (Blue and Red lines with arrows) isn't a a firm prediction but more of an indication of what important levels may be tested on both down and up-side.
