PINS trade ideas
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!
$PINS Bullish in a Sea of BearsGreat stock that doesn't seem to care what SPY is doing as far as I can see.
Remain long and enter when we hit the bottom blue trend line.
If we bounce at the dotted blue trend line and no longer reach the solid one, enter there.
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.
congrats to anyone who played this!!all out from my 52 alert, looking for a similar entry! if i dont get one im not mad, big profits! congrats guys :)goodluck. leave a like you found this helpful! thanks <3
PINS possible ABC correction coming PINS has almost completed a 5 wave series and now expecting ABC correction to follow.
Not financial advice.
Beware of ER. I think it need a retracement soonRSI overbought
CMF close to 0
Breaking Bollinger Top
Movoing averages can't keep up
PINTREST BULLISH EARNINGS PLAYfirst time posting so i would love some criticism and ideas
I've entered a small position on PINS due to todays sell off and seeing some resistance on PINS around the 50.50 area.
They have been doing well ever since corona has started and i expect their earnings to do well this week.
great alert from my mod!those darkpools really paid off here! nice catch, i may chase. looks like it entering a fomo run to 100
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!
$PINS Pinterest Jumps After SNAP Earnings
Potential Long entry on the back of SNAP's blow out earnings.
Pre market the stock is at the Overall 1.414 Fibonacci expansion, a break above bring $50.00
and then $53.00 into play. Very likely we see this
run up into earnings on the 28th.
Its is also a COVID stock and Election immune.
10/19 PINS PinterestWith earning on 10/28 I believe we will blow through the $45.85-$46 Resistance.
I suggest waiting for closing candle(s) above those resistance levels is key to great entry.
As always I enjoy seeing your comments for and against the idea.
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.
PINS LongConsolidating near ATH.
Daily volume shows institutional accumulation.
Earnings on Oct. 28 AMC.
Target: $48-$50.
$PINS can rise in the next daysContextual immersion trading strategy idea.
Pinterest, Inc. provides a visual discovery engine in the United States and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $44,04;
stop-loss — $42,42.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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