PINS Pinterest dropped by 15% after its recent earnings report, despite exceeding expectations. Based on my analysis, I anticipate further decline as the stock closed below the weekly trendline from August 2022. The next support level is estimated to be in the range of 18$ to 19$. While there is potential for the stock to fill the gap left after the earnings drop.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.