Added to $PINS New Target 79.14 for 25.26%$PINS Target 79.14 for 25.26%
Or next add at 53.96
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PINS trade ideas
$PINS Left a window open, let’s close it.NYSE:PINS went through a bit of a sell off into and on their earnings day. The earnings day selling was drastic at open and that caused a window to open in the chart. We should close it before it gets crafty.
Currently on the 8hr chart we closed just above support and on the 0.5 of the upper channel fib of the descending trend. Attempting to enter again at support ($55.75) on a slight retrace could prove successful or entry can be taken slightly higher to be safe.
A few points worth mentioning:
- RSI is bottomed out.
- MACD is showing that nearish momentum has eased off and may flip into a bullish state soon.
- Cipher B showing a buy signal on the 8hr chart
- Looks like earnings day sell of may have finished based on the final 8hr candle closing as a doji. Momentum in the candles is visually easing.
- Massive window opening between $60.88 & $70.39
- Near to 0 of the previous uptrend fib lines, representing a near full retrace. No bounce and traveling further past our 0 line at $53.91 could represent downtrend continuation.
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.
PINS divergenceAlthough we have seen reductions in selling momentum the stock has steadily moved lower following more buy signals by the Willy Oscillator. What gives me great conviction in this play is that regarding gap downs, they tend to act as support. We also have a VPCI buy indication on the daily which tends to give early buy indications. My signal to get out of this play is if the selling momentum starts to ramp up. I believe the probabilities on our side, therefore this is a great entry.
Bullish Signals
-Bullish Divergence
-Gap Down(support)
-Willy Oscillator
-VPCI (daily)
Gap Up Target
-70
PINS Potential Dip BuyPINS recently has shown the first indication of a reversal at its historical support which was by the VPCI indicator. Although I think this is a great entry, I want greater confirmation from the Squeeze indictor(a reduction in selling momentum) because without this confirmation it may potentially break below support. If PINS bounces off of support following bullish signs regarding the momentum then it allows for a great swing. Keep in mind that PINS gapped down which usually lead towards a new form of support, but it is always best to wait for confirmation.
Bullish Signals
-VPCI
-Near historical support
PINS at a discount as expected! where to next? hello everyone, congrats if you got PINS puts! our last idea played out almost exactly like i predicted it would :) now PINS is creating a higher low which is a bullish pattern, shows us that even during times of fear the bulls are still in control. lets look for a test of 70 in the near future. goodluck ! leave a like and follow if you enjoy my ideas <3 thank you
Looking for feedbackThe company saw its monthly-active-user, or MAU, count slip sequentially in the second quarter as it reported 454 million such users,
coming in far below the 482 million that analysts tracked by FactSet had been projecting
Thursday afternoon, prompted at least two downgrades from Wall Street analysts.
J.P. Morgan analyst Doug Anmuth also became more concerned about the stock’s potential following the report. In addition to pointing out the sharp miss on user numbers, he highlighted the company’s plans to focus the platform more on video and Idea Pins, a type of creator-driven content.
“Idea Pins may be successful over time, but near term we think they carry greater risk as users must pivot from grid format to streaming, and richer video content may not work as well across all categories,” he said in a note to clients. “We believe Pinterest could also lose some of its differentiation as it will compete for creator content with a number of other large platforms.”
PINS: Post-earnings analysis. Time to panic or opportunity?Hello traders and investors! Pinterest dropped sharply after earnings report, so, let’s talk about it. Is it time to panic-sell? Is it a bear market? Will PINS fail? Let’s see.
This is the second time PINS does that to us, as in the previous earnings it also crashed. We lost many important support levels, including the $ 60.80. For now, all we can assume is that it’ll seek the next support level at $ 53.77.
We have no bottom pattern around, and it is too soon to say that PINS will recover. Honestly, I think it will recover,a nd I see this as an opportunity, but it might take some time to fly again, and since we lack bullish pattern s, there’s nothing for us here. All we can do is wait for more confirmation.
In the weekly chart, it feels like PINS is just in a huge congestion, since Oct 2020. This movement reminds me of AMZN’s big congestion (AMZN moved sideways for 1 year), as you can see here:
Maybe PINS will just move sideways for the next months, and now that it is getting closer to the support level, it might be a good opportunity to buy it.
Again, let’s wait for more signs. But, Nathan, what kind of signs are you expecting? We need a bullish structure, like a bullish pivot, a double bottom, an IH&S … Any bullish structure could work here on PINS. As long as we don’t see any, no buy sign yet.
No, PINS will not fail, and this is not a bear market. This is a crash, it is different. In fact, PINS might be a great opportunity for us, but let’s calmly wait a little bit more.
Did you like this post? Remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much. Have a good weekend.
ADDED twice to $PINS NEW Target 81.63 for 24.30% $PINS Target 81.63 for 24.30%
Or next add level at 53.83
HA... wellll, that took out two support levels... but my average is now 65.67 and new target is set... That was wild... AMZN just got crushed as well... good times.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
NEW POSITION $PINS Target 88.44 for 22.00% $PINS Target 88.44 for 22.00%
Or next add level at 66.23
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.