Iron Condor Idea for a Jan 20th 2023 Expiration01/20/2023 Expiration.
$254:$46 risk : reward (5.5 : 1).
+1 $35 call
-1 $32 call
--{current share price: ~$24.35}--
-1 $19 put
+1 $16 put
PINS trade ideas
$PINS OutlookDown towards the bottom of the range from $16 - $35. Unsure which direction it heads towards but retesting down on support is likely. Any breakout above $35, will lead to a huge potential gain.
PINS weekly despair bubble cycle stop loss $0Buy Shares of PINS Stop at $26.73 Limit at $26.73 (Good 'til Canceled)
PINS weekly despair bubble cycle stop loss $0 I'll HODL
Looking for a replacement for trading Twitter shares?Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now?
Of course, there are other social media compatriots that traders could turn to, or even other companies of a similar market capitalisation that are in takeover talks and abiding by a similar volatility. A stock that might just fit the bill could be the social media outlier; Pinterest.
Pinterest sometimes likes to position itself as the antithesis of Twitter and Instagram, where users find inspiration rather than encountering toxicity and developing body-image disorders. While I can't speak to the truthfulness of this claim, Pinterest is still categorised as a social media platform and its stock price can be affected by some of the same micro and macroeconomic events that affect this sub-sector. As such, and as illustrated on the chart, Pinterest and Twitter have followed a very similar stock price trajectory. This parallel in stock prices would have been a lot closer if not for Musk’s bid for Twitter at an inflated price in April 2022, and the subsequent court battles that led to him eventually completing the buyout.
Pinterest, like Twitter, may also start fielding takeover bids, hopefully at a chunky premium.
In October 2021, PayPal offered $45 billion for Pinterest, which would have been the costliest acquisition of social media company since Microsoft bough LinkedIn for $26 billion in 2016. The bid would have represented a premium of 24.5% over PINS share price the day before the announcement. However, PayPal reneged its bid shortly after offering it when investor sentiment proved to be against the deal, and PayPal tanked ~12.0% in the three days after revealing an offer had been made.
As of November 2022, the value of Pinterest has slipped to $16.5 billion and may be a more attractive prices for other suitors to come calling, especially if the value that PayPal’s board saw in Pinterest (and that Paypal’s investors overlooked) has been retained. Perhaps suggesting this is true was Pinterest's third-quarter earnings report in the final week of October 2022. Pinterest reported that its third-quarter revenue increased 8% year-over-year to $685 million. Pinterest shares have surged ~11% in the last five trading days.
What make this remarkable is when you compare it to other social media and tech stocks, particularly Facebook which is down ~29%, and Alphabet (which owns YouTube) which is down ~8% since they reported their respective earnings around the same time last week. The latter has even been rumoured to be exploring an acquisition of Pinterest after Alphabet's CEO Sundar Pichai gave a coy response to a question put to him in September about targets the company was considering for takeover.
11/18 Iron Condor Idea (4:1)11/18 Expiration.
$158:$42 risk:reward (3.8:1).
+1 $30 call
-1 $28 call
--{current share price: ~$24}--
-1 $20 put
+1 $18 put
PIN: Gains will be capped?!Pinterest
Intraday - We look to Sell at 25.99 (stop at 27.91)
We are trading within a Bullish Ascending Triangle formation. Neckline resistance 26.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 21.38 and 20.00
Resistance: 26.00 / 38.00 / 50.00
Support: 21.00 / 16.00 / 10
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
All bullish signals, trying to go bullish, in time for earningsWe can see on the weekly it is trying to rise above the 50 ma line staying above the 10 ma. We see bullish rsi strength about to break above 50 the upper bullish rsi area. The dmi shows a bearish trend changing into a bullish trend. The ADX shows the previous bearish downtrend weakening and changing trends, as the dmi is wanting to cross to become bullish. This is the only other time the stock has had the strength, momentum, or volume as it seems to try to go back onto a bullish path. Right now could be the end of the stage 1 consolidation period, time to accumulate, and entering the breakout stage 2 uptrend, it's rally.. this is all happening the day before earnings, so it might be in good interest to go Long or enter into a call position expiring after earnings.
Pinterest short positionPinterest short position
Entry level: 23.02$
Take profit: 20.44$
Stop loss: 24.14$
PINS: Double top confirmation opens the downsidePinterest
Short Term
We look to Sell at 22.15 (stop at 23.35)
Posted a Double Top formation. Bias is mildly bearish today but we need to see a break of 21.25 to confirm the downward pressure. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 22.15, resulting in improved risk/reward. The previous swing low is located at 16.78.
Our profit targets will be 17.35 and 16.15
Resistance: 22.78 / 24.00 / 26.30
Support: 21.25 / 20.42 / 16.78
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PINS daily bullish hammerOrder BUY PINS NYSE Stop 23.40 LMT 23.40 will be automatically canceled at 20230401 01:00:00 EST
PINS daily bullish hammer 1.2R
PINS - potential golden cross?PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway.
Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
PINS monthly put Order SELL PINS JAN 17 '25 12.5 Put Stop 6.50 LMT 6.50 will be automatically canceled at 20230401 01:00:00 EST
Wave 5 of downtrend is around the corner and then at least ABC or 1-5 uptrend.
Be ready to move ask price to something more marketable towards the capitulation event.
$PINS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PINS after a Positive over reaction following its earnings release placing the stock in drift B.
PINS: Putting in a rounding bottom or going for a nosedive?PINS has been stuck in a pretty wide trading range for the majority of the year. In September it looked like the stock will make a push for the upper range but last week cold water got poured on it. Now I am looking for a couple of specific things for an entry. Next week or next two weeks I am looking for a retest for $21 - $20 support region (wave 1 area of the diagonal structure) and not a break below $18. If that holds, I would look for a rally into the upper range $27 - $30 area. I will be keeping a close look on RSI for a negative divergence between wave 3 and wave 5 on the daily timeframe. On the weekly timeframe, there might not be a divergence on RSI, but it should retest the resistance area. From there it should be a nice short setup for a minor wave 2 or in the worst-case, wave Z (of wxyxz). In case of wave 2, it should be sharp and violent drop towards $18 after coming out of an expanding leading diagonal. If wave Z, it can drop to previous all-time low area but should be rather slow and steady. in any case, the short entry should be profitable. After that, I'd look for a 5 up and 3 down move for the next long entry, most likely towards the end of year. The chart should paint a cup and handle type pattern. Current market environment is very challenging and thinking about any support holding feels like a pipe dream; when Dow and major indices are breaking support. But some charts are looking rather interesting not to ignore.
PINSstill in a bigger bottom formation.
buying and waiting..
if the breakout of $27 comes - we should see a bigger upwart move.
the longer the formation needs - the bigger is the following move....
Pinterest in consolidation zone "need to pay close attention"Pinterest in consolidation zone "need to pay close attention"
- the price doesn't close below 17.22 USD
- price zone move above consolidation zone 17.22-20.57
- to continue to the beginning of Bullish trend "the price shouldn't close below 17.22 USD in any day"
Iron Condor for 10/21 Expiration Idea (filled 8/25)$PINS - Short Iron Condor Trade:
Expiration OCT 21st (57 Days)
Long Call: $32.5.
Short Call: $30.
------
Short Put: $15.
Long Put: $12.5.
$25 credit (filled 8/25).
$250 Collateral.
Risk:Reward Ratio: $225:$25, or 9:1.
Short strikes will allow the price to go up 30% and down 34% from the current (8/25) share price.
Good luck!
PINS SHORT IRON CONDOR TRADE IDEA, 7-22-2022$PINS - Short Iron Condor Trade Idea:
Expiration AUG 19th (28 Days)
Long Call: $30.
Short Call: $27.
------
Short Put: $16.
Long Put: $13.
$80 credit (as of 7/22).
$300 Collateral.
Risk:Reward Ratio:
$300 : $80, or 3.75 : 1.
Today $PINS had their big drop in sympathy with $SNAP's sub-par ad revenue reporting from the $SNAP earnings call.
$PINS' Earnings are on 8/1/22 pre-market. If and when they also declare their lousy ad numbers the stock could tank further and this is a significant risk to this trade.
I sold one contract. And hope not to get creamed on this one. Unfortunately for me, the low risk:reward ration all but guarantees I'm going to eat it! But I'm going to stick with the glass being half-full for the time being. Good luck to me, I will certainly need it!
$PINS bear flag on the DailyPinterest showing a bear flag on the daily. Target around $10.60, significantly lower than current $19.48.
Pinterest looking very strong post earningsPinterest put in a good report and is looking like it will be up 20% or so when the market opens based on the post market rally.
Will be interesting to see how long it runs.
