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PINTEREST INCPINTEREST INCPINTEREST INC

PINTEREST INC

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PINS trade ideas

Expecting a breakout in PINS very soonWell let me tell you @Maddy50 frankly chart is not looking that much attractive but it is just making zigzag pattern in a bullish range. But still if you see breakout in it then it could be a best buy for upside and we can see PINS towards 37/40+ levels in coming months. But we should wait for breakout. Or one another trade can be executed at lower levels somewhere 25 levels if you get,,,but take entry only with strict stop loss which i have marked on chart. Note:-Wait for breakout to get a best entry. Please like, follow and comment. Thankyou:))
NYSE:PINS
by TraderRahulPal
THE PINTEREST TRADER'S HAND-BOOK 3MONTHS ANALYSIS:WHAT TO KNOW? We are in a discount phase, investors do have an incentive to go in, for a simple reason: a HUGE volume of sales (to not be emotional VERY HUGE) and a price under the equilibrium; an uptrend forecast WHAT TO EXPECT: 1_ WORST CASE: Prices Fall to hit Trade Box's bottom (i.e. 49.8 USD) then improve to break event 2_ CONSOLIDATION: since we are below the EQUILIBRIUM and below P1 (Novmbr's resistance) the price is likely to stagnate between P1 and EQUILIBRIUM WHEN TO NOT BE FOOLED: Moving from EQUILIBRIUM To P2 is still a consolidation zone! Do not think we move to P3 by hitting P2, the sold volume has been THE HIGHEST since JULY 2020, prices are mostly resisting at 59.5 (i.e. Equilibrium) until buy volumes are significant, mid-Sept WHAT TO PAY ATTENTION TO: 1 _ BELLOW BREAK EVENT LINE: At this phase price are TIME-SENSITIVE, raise is SLOW fall is SHARP, bellow the BREAK EVENT line the DOWN TREND is ruling, chances to keep falling are higher, in other terms, there are no big players YET or insufficiently bought volumes 2_ ABOVE BREAK EVENT LINE AND BELLOW THE UPTREND CONFIRMATION LINE: At this phase, prices are AGAIN TIME-SENSITIVE, BUT raise is SHARP and Fall is SHARP, Reaching P(X) +positive bought volume will lead to P (X+1) 3- ABOVE UPTREND CONFIRMATION LINE: To discuss later WHAT SHOULD I DO WHEN REACHING P(X): When reaching a P (in our Trade box ranging from 1 to 4) we have 3 options: 1 _ PROTECT to the middle of P(X) and P (X+1) 2 _ DOUBLE ONLY IF volume is positive 3 _ Quit for people who feel sufficient about trade profit IS THERE A POSSIBILITY TO GO FROM P (X+1) TO P(X) Unfortunately, in this case, I am sorry to say YES, therefore protect overtime! WHAT'S AFTER THE UPTREND LINE CONFIRMATION? This analysis is only a 3 months study, The uptrend line is at the end of our phase, in the case reached, P4 to top of trade box (i.e. 69.6) is guaranteed, MY PERSONAL FORECAST: There will be a consolidation, then we will hit P4 or the Uptrend confirmation line, however, after a short drop between P1 and P0 (Trade Box's bottom) This chart is gifted to my uncle E.E, anyone interested can PM me for extra details.
NYSE:PINSShort
by LonelyApollo
1