PINS LongConsolidating near ATH.
Daily volume shows institutional accumulation.
Earnings on Oct. 28 AMC.
Target: $48-$50.
PINS trade ideas
$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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Cup and HandlePossible Targets listed. Gap below price can provide support
Chances are if it has a deep pull back it will go there
The same gap becomes R if price goes under it
no rising wedges
Gap below Price
NV decreasing since gap up. They will be back if price is threatened
Short interest lower than expected
Quite a rally..Seems time for a pull back
Not a recommendation
NIO Swing Long - Double Bollinger Band BreakoutHey,
Thanks for checking out my trade idea. Please feel free to follow me and like this idea.
NIO has been in contraction, and as of the last 3 daily candles it has begun to expand. I'm looking for follow thru expansion this week, very similar to the PINS move that occurred last week. The size of NIO's contraction box is roughly $5.5. Therefore, my targets would be $26.5 to $32. One to two times the size of the box within the next 5 to 10 trading days.
As always, we only trade confirmed Double Bollinger Band Breakouts.
Social networks $PINS & $SNAPRaise your hand if you like $FB but hate Zuckerberg, I thought so.
$PINS (main chart) and $SNAP (blue) have started outperforming $FB (orange) quite significantly after the 'blow off top' in Tech up to September 2nd.
$PINS has especially wind in its sails after its earnings breakout and is on an ascending channel. $SNAP also seems to have found its mojo again in the mid twenties.
Pinterest outbreak pullbackNYSE:PINS showed an outbreak pull back setup. My safe entry is above the previous top (43 $). A Stop order could be placed below the support (38 $). Watching closely.
outbreak pullback setup - done
outbreak level is the new support
ADX is rising, +DI is positive - so the momentum is build
RSI is neutral
