$PINS Support LevelA loved stock by many growth traders/investors. Important $65-$64 support level into next week. That's 3 to 5% below 50 MA. A good setup to flush weak hands and turn the stock back up.
PINSD trade ideas
PINS on watchI like it above the tan box to extension targets above. I highlighted the 1.13/1.27 zone in red because it has been significant resistance in a lot of breakouts lately so look for a quick pop and possible drop. I have been taking quick profits in that zone to pay for my trades if price drops back down quickly and stops me out. If price can get above the red area, however, there is plenty of room above to the 1.618 and 2.24 extensions.
PINS is a winner*Looking good. This stock is pretty bulletproof considering even with potential state lockdowns/ advertising potential it will only benefit.
No coming back to these prices after 2020 is up. Get in now, as this Will be a 3 digit stock.
*indicators used*
-ZigZag
-Pivots
-Vol
-Supertrend V.1
-MACD
Pinterest inc.: The Big ShortHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
weird looking charthaving basically not moved in weeks the last three days are negative but a lack of volume is unconvincing. the stock needs a catalysts to move prices to new highs and continue trending up. rising volatility at the end of an intermediate length trend is a sign that the fundamentals driving the stock higher are already reflected in the stock price and speculators and late-comers are taking over and absorbing stock from early buyers cashing out their profits. if the stock doesn't hold it's 50-day moving average i am a seller of PINS.
PINS - from Argus daily update.According to Argus, Pinterest posted solid third-quarter results, and appears on track for continued strong growth in both monthly average users and average revenue per user. In addition, the company is benefiting from streamlined ad systems through the Pinterest Partners Program for smaller merchants and product improvements like Shop tab. Pinterest is also seeing strong international growth.
- it sets a price target of $80 [ I will wait for my entry if it pulls back to the nearest support]
