PINS – I am posting this along side 
XYZ because the charts are nearly identical and I want to compare what happens in the future. It appears to me to be a bearish corrective break – with the projections as charted.
The ‘W’ shape top appears to have been a double top reversal = price fell to 200 day EMA. This is also the bottom of the vol profile and the .380 fib level. A double top reversal measures the top and bottom wave to forecast a price below support. That is the range I will look for entry.
Because MACD and RSI are indicating oversold a bear flag is possible.
PINSSQ
Note
May have overestimated the size of the bear flag channel.Note
tracking... would love for this to dip for a chance to buy in - any sizable dip could form an inverse head and shoulders or maybe a bull flag.Note
tracking...Note
I think we see a pull back after these quarterly results...tracking...Trade closed: target reached
first target reached...considering an entry.
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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.