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PINTEREST INC
NYSE
PINS
The exchange rate is a symmetrical wave movement along an ATR axis. Therefore, the upward movement that is currently being developed can achieve an additional 3.88% increase. Then I expect a significant decline in the exchange rate, nearly 27%. The target price for the correction level is 24 usd. The target of the current rise is 30.72 usd.
PINS 5% decrease then 10% increase. Turning to a few days trading, the stock may be traded at 10%. The exchange rate adjustment level is 27.69 usd. It is advisable to wait for this decrease and start a long position from this level with a 30.58 usd target price. In the event that the wave structure discussed in the analysis develops, nearly 10% profit can be obtained.
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