PINSIndicators:
1D:
- MACD: trying to uptrend
- StochRSI: losing momentum
- RSI: found a good support
- VWAP: coming near
4H:
- MACD: need to hold uptrend
- StochRSI: need to hold momentum
- RSI: found a good support
- VWAP: coming near
PINS trade ideas
PINS- Megaphone pattern ideaAn idea for next week.
Although time continuity to the up side the general market is iffy right now.
$PINS Wedge Breakout On Volume$PINS buyers broke above the wedge top and they did it with force. Hugely bullish bar closing on its high with very big volume to support the move. A lot of times there are inside pullbacks to retest the wedge before continuing so this area and back are of interest for buyers to press back up to larger structure targets.
PINTEREST Publication DailyHey my friends, PINTEREST is in a bullish surge in bull hammer candle on low buy volume. We can see an attempt by sellers which failed, on TIMEFRAME 15 5 1 Min we are witnessing a repression. This time around buyers of in the 1 Min volume is on sale, PINTEREST is heading towards its next low. Which is located before the central median to start rising again, strong potential to fill the bullish gap. To look for the next high, she sets out to try to land on the next midpoint.
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PINS Bullish Bias F for a two weeks swing tardeIn Weekly chart we were breaking a small triangle and now we are in the pullback phase
$PINS Pinterest Breakout Targets
Pinterest Broke to a new All Time High after several failed attempts.
Possible upside targets
-$40.00 Key Psychological level
-$41.79 1.618 Fibonacci Level
-$44.00 Confluence of resistance levels.
Indicators very bullish
Pinterest finally looking like it wants to breaklong at signaled points
First profit at 41 :)
complete stop at 32
PINS - Time to close the gap?Watchlist PINS - Watching for an entry to close the gap. Note the small increase in bearish volume, small short interest at 5.3%, getting close to oversold in the Stoch and the MACD crossdown. This will hopefully be a nice play if we see a solid entry with confirmation.
PINS to push back into ATH!Hi again it's me! PINS looked nicely pulled back for another upwards thrust penetrating into the ATH! Going long at 35.98 with a target of 37.95!
PINS - possible 9 wave structureCurrently in third wave of intermediate cycle. There is a possible ongoing third wave extension in the minor that may be creating a 9 wave structure. It is currently in a minor ABC correction and a break to the upside would target 29-32 as the most likely fib extension level of wave 1 of intermediate cycle.
$PINS Pinterest On Breakout Watch
Alert set for $37.30 for potential breakout from
2 week consolidation channel.
Fibonacci upside targets $39.67 & $41.11
Moving Averages crossed bullishly and rising in support.
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PINS entry under 24Positive earnings with a growth runway. The positive catalyst with lockdown and restrictions. With the side hustle culture picking up exponentially, Pinterest is a great platform to build an audience and sell products, especially for small businesses. Extremely low debt with good revenue growth. Long term Prospect.
TA(Entries marked)
1. Trendline support
2. RSI still relatively high and would wait for RSI<45 (indecision hammer might create that opportunity)
Short term target: 27.4
PINS: Possible breakout to $40 ?on the daily, PINS looks ready to trigger a new wave into the demand mode after consolidation - we look at a possible breakout to >$40 if PINS can breach thru the upper red resistance line -- the momentum (expressed by the UTO) and supply/demand volume (v.viewer) are lining up - with a backdrop of a slightly increasing positive sentiment.
would be great if this scenario pans out - there's always a possibility of turbulence.
we're still long PINS. will keep holding for now.
PINS BLUE SKYRevenue (YoY)
32.11%
Gross Profit Margin
68.36%
EBIT Margin
-34.93%
Net Income Margin
-32.87%
Total Cash (MRQ)
1.70B
Total Debt (MRQ)
151.28M
Total Debt to Equity (MRQ)
7.93%
Current Ratio (MRQ)
11.75
Quick Ratio (MRQ)
11.48
Somebody stuck a pin in PinterestAs the summer comes to an end does that mean a drop for crafty kind of sites? I notice Etsy is down too. I bought $32 puts for 9/4.
$PINS Double tops and overbought indicators correction to 26Current at 34.9 with possible correction by 20-25% to 26s levels and main trend line (blue) indicators signals clear for bearish trend . stoploss for this idea to break above ATH top at above 37 ..long for long term
