If you look closely at the retracement levels, the chart aligns well with those.
Stock seems to have run out of steam and needs a pull back to 128 or near about before it can decide next course of action.
$PINS has touched the support at ~51.9 yesterday. It has also filled the previous gap. The bounce is not fully convincing to me, but this is highly oversold.
Check the RSI as well.
The probability of turn around from here is higher than this sliding down to 46.
THe chart pattern tells us that reversal is extremely likely (and the bottom was already hit and USD is becoming stronger. In that case USD follows the YELLOW dashed arrow
However the oil prices going up are making the NOK stronger and this means that the USD should actually go down along the GREEN dashed arrow and break the last support (horizontal green...
240 by September 2021 is where this 'should' be. This is just 20$ more than today (02 December 2020).
This is irrespective of market corrections.
No positions as of today nor any recommendation
The stock is at reasonable price point. If we consider historical data, there is a very strong probability of making some money in the near short term. The chart has clear patterns. Exiting at right time and reentry is the best way to make some money.
21 Euros is a reasonable entry
The stock is getting less volatile on a monthly basis and will settle around 70 with a higher probability to move upwards on each postive news about the vaccine.
Safer to buy below 70 and sell around 75.
Sbanken has a critical support at 61.2. All previous support levels are already breached.
If there is no reversal then there is real trouble. If the stock does start going now from 63, then the uptrent to 68-70 is very likely.
NASDAQ:NFLX
While Netflix has gone up well above 500 a few times, I consider very little margin of safety at current levels. If this drops around 420 levels, then it surely has a lot of room to move up again. A very solid stock in general.
