Will the gap act as a support?I think this level could be a good support before a new uptrend... I hope :)
PINS trade ideas
Can you trade based on news?Bloomberg News reported Wednesday that PayPal is looking at purchasing the image-sharing social media platform, noting talks of a potential price of $70 a share, a level that would value Pinterest at around $39 billion.
In this analysis, you can see both sides of the same trade!
One is PayPal which experienced one of its worst days after the news came out they decided to buy Pinterest, on the other hand, PINS experienced its best trading day ever..!
It is very unlikely to be successful in trading/investing by following the news..!
Best,
Moshkelgosha
PINS - Gap Fill to the $70 level In PlayConfirmed buy-out offer at $70.00 for PINS by PYPL.
Turns this pattern into a bull-flag and makes the gap fill at $70.00 a definite possibility likely very soon.
(Opinion only)
$PINS | WEEKLY WATCHLIST 10/25After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. $PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits.
I believe that was only the beginning of the big picture, and we put in a solid wave 1 last week. Looking to start averaging into a swing position in my buy zone around $52.61-56. From there, we should see an impulsive wave 3 up to fill the rest of the daily gap taking us to $70+. Really love this setup, but remember to wait for confirmation and average into your swing position to help mitigate some risk!
Playing Jan 2022 Calls $55 StrikeLooks to be basing Stage 1. Tooks Call position. Lets see how the Arc plays out. NYSE:PINS
PINS to $46 Gap fill and to $60$PINS
It has comedown quite a bit now if can fills that gap ($46) from 2020s then it good to go where the bottom will be in. Earnings gives some decent numbers it can fly back to $60
PINTEREST Bullish ButterflyPINS formed a bullish butterfly shape and bounced back from target, point one achieved and point two is $69.6.
Gap Fill- BullishWatching PINS closely here- Sold off after earnings, patiently waiting for a good entry- with a catalyst or an increase in buyer volume relative to seller volume should really pop- will be looking for a breakout broader market conditions permitting. Bullish, just some FIB levels along with some RSI-based supply and demand zones to keep an eye on.
- Big gap to fill on the upside
- Oversold on the RSI
- MACD is seemingly about to cross
PT1- $57.20
PT2- $58.85
PT3- $60.33+ Breakout
Let's make a deal!Paypal is in talks with Pinterest about a possible takeover. The price per share is being discussed in the neighborhood of $70. It would be around $39 billion. Potential earnings, if you go in at this point, could be 11%.
Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61
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$PINS Power of 3I started a position in PINS this morning as it looked to retake the 50 DMA. It has now done that and is a Power of 3 Set-up. You can see my stop on the chart. If thinking of taking a trade in PINS do so at your own risk. And, be aware that earnings are coming up very soon. Ideas, not investing / trading advice.
Here's a link if you don't know a power of 3 set-up: www.t3live.com
$PINS | WEEKLY WATCHLIST 10/17Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart.
I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled Daily gap above from roughly $61-70.
PINSKeeping an eye on this one next week. Consolidating at the 1.618 extension with a bullish rsi divergence. Above the blue trend line could send it imo.
PINS BagholdersNYSE:PINS
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Volume profile for past 200 daily shows that main volume at 71.xx.
Look out for next earning report.
Pintrest ideaBach G minor - a melodist bullish harmonically areas, we wait for the price to fall within one of these ranges and start buying upon bullish sentimental power, wax on, wax off.
AB = CDThe AB leg is Down in a bullish AB-CD pattern and in the bearish version the AB leg is upward. This pattern is not always equal and the CD leg can be shorter or an extension of the AB leg. In this case it is very close to Equal.
It is good to wait for confirmation when price hits D in this pattern. Possible stop under D.
The retracement of AB (from B to C) can be between 38.2% to 78.6% of the A-B leg, however, an ideal pattern has a retracement of 61.8% to 78.6%. This one is .786.
This differs from the pattern I call ABC bullish (which is an ABCD pattern, but the target is D) as the second valley is lower than the first one. In an ABC bullish pattern, C has to be higher than A.
Any pattern can fail. No recommendation.
I see re-opening as the trade right now so am watching this one. I was just curious as to why this one popped a bit today.
I have found it is easier to watch a few than a bunch (o:
PINS Possible Butterfly at critical inflection point. Could be getting close to a reversal here. Id really like to see 48.75 hold up, but harmonically speaking, it wouldnt be strange to hit the 1.272 on the orange butterfly. Thats also confluent with 46.23 which is the old resistance before we made the move to 68.93 - Thatd also be the first target up, 76 and 81 would be the harmonic targets, but looking at the price action correlation above 68.93, the real target would be 86 if it broke up from there
Be long PINS for the 16thI got this name from my dowsing last week and I see it's got a nice reversal today. I have some kind of news on the 16th and suggestion it goes up 14-20%, so I want to be long into that. I will update on the 15th or 16th.
PINS [LONG]Have been DCA into PINS at these levels.
Today is another great opportunity. Holding this support well.
Support with Ichimoku on monthly and fib retracement.
** NOT FINANCIAL OR INVESTMENT ADVICE **
Volatile Bearish PINS movePINS has broken below a short term VWAP at 55.40 which was helping it sustain bullishness but now the contrary seems more likely to happen. I believe a large bearish move will occur within PINS due to BBW squeeze signifying that we are in a low volatile area which tends to beget a very large move. The reason I am bearish is because even though the green line crossed the red RSI we have not seen positive white energy. Not only that but the blue line looks like it is rejecting the 50 level which means we can seen a walk amongst the white/aqua lower Bollinger Band. If we see the red RSI cross below the 20 point then we will see a level 2 expansion zone to the downside meaning it may walk amongst the orange Bollinger Band. My price target is 50 since a VWAP rest there but don't be surprised if we break through that.
Bearish Signals
-Blue Line rejecting 50 lvl
-Below Bollinger basis
-Red RSI heading to lvl 2 expansion zone
-Green line rejecting 50 lvl
PINTEREST Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
