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Pinterest, Inc.

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PINS trade ideas

PINS - Runaway or Exhaustion Gap?My take is that it is still a runaway gap and the bullish trend will continue. Reasons being: 1. broke out of a 1.5 years base formation on 31 July (breakaway gap) 2. recent pullback stopped short at the 62% fib support @ 56.30 (ie only partial gap fill) 3. recent hi @ 68.95 is the ATH (all time hi), there is no other historical resistence. Immediate Stop Loss @ 56.20 (slightly below the 62% fib support). Consider to take partial profit near 69 but ride the rest until a change in trend is evident. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NYSE:PINSLong
by Juliac
Pintrest - Blowing up ! but what goes up must come downNYSE:PINS Rule of nature - what goes up must come down. combine that with rule of velocity - faster you go the harder the crash! Pinterest has exploded in less than 3 MONTHS (157 days) to an above 60$ price. if we set the chart on a weekly time frame all we see is one big green candle, but correction is a must. so let’s start with FUNDAMENTAL: - with earnings of about 450 mil in Q4 and main emphasis on number of followers that grew to 442 million the stock skyrocketed to almost 70$, just before it fell back to the 60 line. the earnings from advertisement in social media sector with these number of followers is expected to be higher, but because Pinterest is not Facebook and haven’t played in the big leagues long enough, these numbers caught investors eyes. TECHNICAL SIDE: stock is on a 25% angle from the moment it crossed the 20$ mark with consist supporting volume . the convergence in the 50 line shows stability and i would be ok with saying that 50$ is the stock price. Stochastic is overbought even after the correction from 70 to 59, and as it seems at the moment the stock is due to stay in the 50$ range. Bottom line - I wouldn’t put a lot of hope in this stock crossing 70 so fast but I do see a great future to this company so in the long term it’s a definite buy, on the short i would say hold. We analyze the market according to the MCBA method (market cycle based analysis) that we developed on combination between Elliot wave theory along with Volume cycle reading the above is our personal opinion and never a trading advice or recommendation Trade safe!
NYSE:PINSShort
by FDGT_academy
Pinterest idea was SPOT ON! A bit late but worth to note that Pinterest did EXACTLY what i had predicted ahead of earnings! Huge gap up to an ATH following right behind SNAP huge Q3 earnings beat. Its worth noting that ad revenue was on record level with Pinterest and that's why the stock headed up almost 35%! Its cool to see plays working out! Short term though, i believe we are headed for a super ugly November mainly on election volatility, lack of stimulus and covid cases rising.
NYSE:PINS
by ThaMoneyHunter
1
Pinterest gapping up ahead of ERPinterest stock just gapped up from $45 to $51 ahead of earnings mainly on a sympathy run alongside SNAP huge Q3 beat. Today, the stock moved into the $53 range. My expectation heading into ER is that PINS will follow Snap and post a big Q3 beat as I believe the ad revenue will be YUGE as more and more people have been home from COVID and they're spending more time online. I am liking this stock and I am planning to enter the 50-53 C ahead of Earnings next week which I believe are 10/29. On the chart we also see after the breakout that is, that the stock formed a mini bull pennant and broke out again to the $53 range. I love the stock, I love to own it long term, I am buying the calls! My PT for PINS is $70 by end of year. Lets see how this one plays out!
NYSE:PINS
by ThaMoneyHunter
PINS - Is it time to pullback?Pinterest is finally starting to look a little weaker after a massive 40% pop in July. I have been watching that gap for quite some time just wondering if it will ever get filled. Clear divergence on the MACD and RSI as it has just continued to chug higher. I am hoping it comes back down to the $25-$35 dollar range so I can actually pick up some shares. This one looks like a clear winner to me considering long term trends and the want/need of the US government to increase competition on the mega cap stocks such as Facebook.
NYSE:PINS
by ChrisPtaco_32