Bullish thesis for $PINSNYSE:PINS has been making headlines lately with its impressive performance and promising future prospects. Let's dive into the latest developments and explore the bullish thesis for this innovative company.
Strong Financial Performance: In 2023, Pinterest achieved a record-high ~90% incremental EBITDA margins, and the Street models are projecting ~40% and ~50% in 2024 and 2025, respectively. This indicates a robust growth trajectory for the company.
Evercore ISI recently reiterated its Outperform rating on Pinterest and raised the price target from $45 to $50. The firm cited four key reasons for this upgrade, including Pinterest's unique position in the social media landscape, its strong user engagement, and the potential for further monetization of its platform.
Amazon Partnership: Pinterest's partnership with Amazon has been a game-changer. Users can now purchase products directly from Amazon through the Pinterest platform, which has led to increased user engagement and revenue growth.
Technical Analysis: The Pinterest stock has been on a bullish trend in recent months and has broken through a major resistance level at $37 giving it great positive momentum to continue rising in price.
Have entered an Options Call contract targeting $54 and posted in the free community 😉 Will be providing updates.
Trend
$MARA Ready for TakeOff! Bullish There has been a significant bullish momentum for Marathon Digital Holdings ( NASDAQ:MARA ), a prominent player in the Bitcoin mining industry. The stock has been performing well, and the company has recently reported a record-breaking Bitcoin production and mining operation for December 2023.
One of the key factors driving this bullish trend is the recent Bitcoin rally, which has seen the seen the price of bitcoin surge. This increase in Bitcoin's value has directly benefited Marathon Digital Holdings, as the company's primary focus is on mining and holding Bitcoin.
Additionally, the company's expansion of its mining operations and the acquisition of new mining sites has further fueled the bullish momentum. Marathon Digital Holdings is strategically positioning itself to capitalize on the growing demand for Bitcoin mining, and its recent performance indicates that these efforts are paying off.
The bullish momentum for Marathon Digital Holdings is driven by a combination of factors, including the recent Bitcoin rally, the company's strong performance in Bitcoin production, and its strategic expansion of mining operations. As a result, investors are taking notice of this digital powerhouse, and the stock's upward trend is a reflection of this growing interest.
Targeting the the $60 price point for profit taking. Cheers :)
BTC HIGH POSSIBLITY TARGET 72K SOON!Thanks for reading this update.
We follow BTC with every time frame, and having predicted before more BTC targets, also the Start increases below 42K to the 48K target, the 56K target , and more.
We expect depending on our data for this update that BTC has a high chance to increase again up the ATH trend until now BTC has NOT closed a bull trend signal show effect from the last confirmed data.
This means also the high ETF and other volumes are still active in BTC.
Historically there is no ATH just target ATH with no building new volume price action.
The slowly increasing trend is an effective way to hold levels and increase up the ATH.
Manage all time your risk as there is no guarantee in the markets.
On the way to the target, there can be daily basic down and uptrends.
THIS PRICE ACTION TREND CAN BRING BTC TO NEW ATHBTC for the daily trend seems interesting.
Since we have not seen the close bull trend, there is still a possibility that BTC can return to the ATH level.
Daily is still positive, which means that btc has a high chance of returning.
The price at the moment is below 67K.
Daily technical view shows the possibility for BTC return.
And the level where BTC is now seems very important. In this area, there can be a new volume start, since data shows some trends.
EOS READY FOR NEW INCREASE UP $1Thank you for reading this update.
The last volume data shows that EOS has a good chance to increase by $1 in the coming time frames.
EOS did stay for a long time below $1, and it seems that it can return soon up.
We will follow up on this update for trend confirmation.
USDCAD - Top-Down Analysis 📹 UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #USDCAD.
USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN PICTThe trajectory for Bitcoin in an imaginary visual field of reference basing the points on past experiential real world events and future proofing for speculative reference to determine the outcome of the current trend movement on a base of argument from which to measure how likely the price will be to continue up after a slight capitulation in price action.
HelenP. I Bitcoin will make small correction and then start riseHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price declined to support 2, which coincided with the support zone, and started to trades near this level. Some time ago BTC broke this level and declined to lower even the support zone to the trend line, but then the price turned around and started to grow. In a short time, Bitcoin rose to the support zone, where later it broke the trend line and soon support 2, after which the price rose higher than the trend line too. Next, the price continued to move up between the trend line, and last time it fell below, but soon turned around and made a strong impulse up, breaking this line again and later reaching support 1. Soon, BTC broke this level too and rose a little higher, but a not long time ago it fell a little and now trades close to support 1. So, I expect that Bitcoin will decline a little lower than support 1, after which the price can turn around and start to move up. For this case, I set my goal at the 67000 level. If you like my analytics you may support me with your like/comment ❤️
CAN TURBO GO FOR THE NEXT 100%? CYCLE TRENDTURBO seems one of the volume coins of the moment but it needs a confirmation trend after the last 50% increase.
We will follow TURBO to see if there are possibilities in trend.
It's a high risk to enter coins when it's already pumped.
It seems that turbo has an unexpectedly strong cycle trend.
Week Of 2/25/2024 Gold Performance Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one!
Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a higher low, prompting new supply and demand zones. With this retracement, gold formed a descending wedge pattern which is a bullish pattern that is used to catch the trend break of a retracement during a bullish trend. To continue, because the market is bullish, we are only looking to enter in a buy after the trendline break of the descending pattern, and this will be the first round of profits for the week for a profit of 1.5% at a total of 53.7 pips! After the trade, price failed to break past the previous high and retraced back to the higher low. As price failed to break the previous higher low, we can confidently predict, price is in a range market, and because the overall trend is bullish, we can throw another trendline and the starting point of the current retracement, and wait for price to break that trendline to ride it up to our target percentage. Furthermore, this would be our second round of profits for 1.5% at a total of 57.2 pips! Now with a net profit of 3%, coming into Thursday, price broke the supply zone and formed a higher high! After that, price started to retrace a bit and once it formed a second point of data, we are able to throw in another trendline which ended up breaking early morning for our third round of profits at 1.5% for a total of 109.8 pips!
All in all, we ended the week with 4.5% gain on the account and no losses! Consistency is the key to trading. even though the travel of price was different with each trade especially on friday, your target should always be 1.5-2% of your total account size. your lot size will vary depending on the setup and how far your target loss is. You do not have to take the full move of a break. You only need a piece of it!
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its
bullrun after the earnings report was a two line beat much like the one a quarter ago.
VERX has impressed traders including this one who got in on the ride early. I will trade
this like others recently with a similar pattern. I will hold during the consolidation and
watch for a break above the flag regression channel. I will add upon the break and
set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while
underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to
the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
EURCAD-Ready to Short!We got a bearish trend change for EC.
Now looking for trend continuation to take a short trade.
We got the 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
The 50% retracement and FVG are in line with previous support turned resistance- thus adding another confluence on this trade.
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
AGIX NEW VOLUME INCREASEAGIX showing a new trend25 level.
We will follow up to see if it's possible to confirm within the coming time frames.