ArrowMark Partners' optimism about Pinterest Inc. (PINS) is grounded in the company's solid performance throughout 2023, highlighting the significant growth in monthly active users and revenue. With an 11% year-over-year increase, bringing the monthly active users to a record 498 million in Q4 and annual revenue rising to 3.1 billion USD from 2.8 billion USD in...
Pinterest is showing a reasonable amount of relative weakness and we believe when the market finally tops this may be an opportune short. We will see if broader growth stocks face some headwinds here with the market in a potentially overbought state.
NYSE:PINS Still too early to know for sure but, Pinterest could be forming an inverse head and shoulder pattern.
Targets:
$37
$40
Risk:
$33
I have a starter position.
Pins looks to be breaking out of triangle to the upside. Price target is around 44, price target is a fib level retracement from ATH to most recent low. 2 month options ATM around 2.80.
NYSE:PINS has been making headlines lately with its impressive performance and promising future prospects. Let's dive into the latest developments and explore the bullish thesis for this innovative company.
Strong Financial Performance: In 2023, Pinterest achieved a record-high ~90% incremental EBITDA margins, and the Street models are projecting ~40% and ~50%...
Pinterest got a nice come back after a dip this morning, but do buyers can keep up?
The Price richest a support level/zone, and if it can breaks through then it can hit a resistance zone at 35.27.
The price could go down after hitting 35.27, but if it breaks through again the resistance zone then it could hit another resistance zone at 35.90
and above that...
Price reversal and pivot from the end of wave 4. Price bounced of support zone. Buying with 1% allocation. Open @ 35.70 TP @ 41.0 c.14%
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Strategy:
Based on Elliot wave theory, pivot points and classic chart patterns.The 5th wave pivot strategy identifies the last impulse of the elliot wave sequence. The 5th wave can be equal to the 3rd wave or...
Like every other social media platform out there, Pinterest (NYSE: PINS) recieved a massive boost in users during the Covid-19 pandemic when everyone was stuck at home, adding more than 100 million users to the platform. Now, the company is planning to expand its user base beyond 500 million monthly active users in 2024, and hopes to get these new users to click...
If you haven`t sold PINS ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 38usd strike price Calls with
an expiration date of 2024-2-9,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the...
Pinterest ( NYSE:PINS ) experienced a significant setback, with its stock dropping over 10% after its first-quarter revenue forecast fell slightly below investor expectations. This decline underscores the intense competition among social media platforms for a share of the lucrative advertising market. While industry giants like Meta (META.O) and Alphabet's...
The important stuff kept quick.
Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets
Green = support, expect bounces
Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent...
Pinterest appears to be topping out and here is an Analysis that gives us some potential downside targets if price decides to keep pushing lower.
Beware of a potential exhaustion push up from the current position.
Will be keeping an eye on this one closely for some Put Contracts.
Not Financial Advice - this is for educational purposes only.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
As we can see, pinterest is in a bullflag wedge pattern. Breakout will determine direction.
MACD also looks like it is going to have a bullish crossover. DMI has bullish momentum.
Use a stoploss please!
