Khans Intraday-Ideas 03/21/22 - 03 - PINSSee if it holds the trendline after a slight pullback. A lot of open POCs above
PINS trade ideas
$PINS for a few weeks...Pending market participation over the next few weeks, eyeing this one, have some 4/14 $30 calls, target $30 in a few weeks...see what we can get
Bullish Engulfing Candle on the weekly PINS ChartPINS may have officially bottomed. The Bullish Engulfing candle created this week of trading can commonly be found as a marker to show trend change and be the marker of a bottom. Price may come back down for a retest but its a good price to go long and set a stop loss a bit lower than $22.
Pinterest swing tradeHey all, I expect PINS to rise from the current price.
PINS buy targets: $31, $35, $43, $47, $55
Not financial advice. Do your own research.
Pinterest LONG
Trading at 54.1% below our estimate of its fair value
Earnings are forecast to grow 23.11% per year
Became profitable this year
PINSThe correction could already done here at the golden zone. But im not too sure, maybe bouncing for wave 4 now?
Tho still a good spot for a long. Im grabbing some here with tight stop, let the price action develops its structure and we'll see how it goes.
$PINS buy the dip and wait for a buyout*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*
Popular online product and idea discovery platform Pinterest $PINS has seen better days. After correcting from its 2021 all-time-high of $89.90 the share price now sits at $24.55.
The company derives the majority of its revenue from selling digital ads. My teams main concern is new user growth. This could potentially scare away more investors if these numbers haven't shown much improvement in Q4. $PINS uses 1st party data to target its audience, which is substantially better than Meta Platforms $FB third party data system. If $PINS can prove that its system still works in face of new emerging marketing trends, then it could potentially be bought out by another company if they are willing to sell.
Multinational online payment company PayPal $PYPL recently dropped in share price following their Q4 earnings from a decrease in lower income customers due to the inflation surge. $PYPL was previously sought to buyout $PINS in the past. The opportunity was lost, but this digital finance company may just actually go through with it in order to revive itself to its previous lost glory.
$FB is also in deep red this morning following an earnings plunge, and because of its large market capitalization the market is being temporarily dragged down with it. Despite the noise my team has taken this golden opportunity and entered $PINS this morning at $24.55 per share. Our stop loss is reasonably set at $22. There is no take profit currently in sight.
Earnings are expected to be released today 2/3/2022 after the market closes.
OUR ENTRY: $24.55
STOP LOSS: $22
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$PINS POSSIBLE JUMP TO 30 COMING!!Pinterest right between some key support and resistance levels looking for a $30 touch this week. Currently above VWAP and EMAs looking at 65 and 5 periods, We will see how this pans out during the week.
PINS Pinterest Price TargetAfter Meta Platforms issued a first-quarter revenue outlook below expectations, investors in Pinterest, which will report earnings Thursday, expect the same outcome.
My price target is the $17.50 strong support level.
So if you missed the $19 per share IPO price, and you consider it fair valued, this quarter you might have the chance to buy PINS at the same price.
The bottom could be in for PinterestWave 3 would be next. News and sentiment has been negative appropriate for a wave 2 bottom.
High level substructures counted here easily count as complete 5 and 3-wave patterns.
This should be viewed with a long-term time horizon, 1 to 2+ years.
On log scale the 38.2 fib has not been met. However, the retracement from the all time high to the latest low nearly aligns with being .786 times the duration of the primary 5-wave rise.
$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
$PINS | WEEKLY WATCHLIST 1/10$PINS 1D
Corrective Flat for all-time Wave 2, looking to end at $27.
If > $27, possible for a huge recovery over 1-3 years.
$PINS$PINS - heavily beat down name. Falling wedge on the daily. Looking like a bottom is in, some decent volume coming in and the RSI heavily oversold about to curl.
7.3x NTM sales
27.4x NTM earnings
30% growth
Potential Swing Idea - $PINSPreferred instrument: common shares
Entry: $36.50
SL 1: $34
SL 2: $30.90
PT 1: $60 (4.2 R:R)
PT 2: $71 (6.2 R:R)
PT 3: $135 (17.6 R:R)
Potential wave 5 setup from March 2020 covid lows.
If 30.90 does not hold wav 4 is actually wave 2, next major support is 23
PINS Reversal Incoming?PINS looking great at this level on he daily and weekly, very oversold trading inside these descending wedges - breakout targets charted for LONG term.
** NOT TRADING ADVICE **
Pinterest First off, I'd like to apologize about my previous post on pinterest (See link). At the time that I posted that chart, i didn't fully comprehend the sell off that ensued these covid darlings. But like the old saying goes "Once u know better, do better"..
If you go to your daily chart you'll see that there was a gap July 2020 at 25$ 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
$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
$PINS is SAFE BUYHaving shed off 60% from its 2021 high, price have reached its multi- year resistance which has now flipped to support. The support zone held has buyers rushed in to defend the zone closing the day with 7% rise and printing a bullish engulfing daily candle. which now serves a confirmation that the buyers are in charge of the market.
hence we can now place our buys and long the market.
Buy range -$35-$37 .
first take profit range is at $49-$52
Goodluck!!
$PINS Possible Reversal Zone$PINS has finally reached an area of previous resistance that should act as support.
I was hoping for a bounce in the 0.618 fib range, but we didn't get that.
I took a bite here, but not feeling great about as fundamentals appear bearish.
If this support doesn't hold, next obvious bounce area would be once the gap area (daily bar chart) from $28-$31 is filled.
Good Luck!
PINS [LONG] DCA!Looking a great level for PINS - green rsi/market cipher/red money flow + positive divergences.
** NOT TRADING OR FINANCIAL ADVICE **
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!
$PINS reach 0.618 Fib Retracement0.618 Fib Retracement reached $41,91 ... good entry point for a reversal.
