Pinterest showing a bear flag on the daily. Target around $10.60, significantly lower than current $19.48.
Note
This trade initially failed, instead swinging up ~20% since the call was made ahead of earnings.
PINS is now forming an ascending triangle at the top of the parallel channel with strong resistance overhead.Considering opening short with SL at $25 with targets at $19.80, $17.59,and then the $14 area.
Probably Q3 - Q4 22.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.