Pinterest - 30d expiry - We look to Sell at 28.88 (stop at 30.28)
In our opinion this stock is overvalued.
We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A higher...
As mentioned in our previous analyses, the stock reached a price of $28 this week. Following this increase, a correction is necessary before continuing the bullish path of the stock. The price could potentially descend to $25.
For the upcoming week, the price NYSE:PINS is expected to range between $25 and $29. A breakout above this range could drive the stock...
Pins has gotten a bid or two in the past month and looking very different than the year long consolidation. From the flash crash of May, price has come up to fill the gap with a 5 wave pattern. After a tiny dip last week, price is moving again. This uptrend is getting a bit heated on RSI with negative divergence on both 12 hr and 1d timeframes. So, it is still...
During this week, the performance of NYSE:PINS stock should be carefully observed. The stock is currently facing a key resistance level at $24.60. If PIN manages to break above this resistance, it would indicate a potential bullish signal. In such a scenario, the stock could enter an upward trend towards the next target level at $28.
However, if NYSE:PINS ...
PINS price action has been very choppy and strange, but the latest sharp pullback suggests it is a wave 2 correction following a leading diagonal wave 1. If that is correct, then price should have a 3 move up and followed by another 5 waves down. Price cannot make a lower low than $16.14. Fundamentally, the company is doing OK. There have been good progress made...
A simple short setup breaking down from a bear flag. However, if the markets don't turn south the trade will not
be as profitable. Buying close the the bottom trendline is Ideal.
If you haven`t sold PINS here:
Then analyzing the options chain of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 25usd strike price Puts with
an expiration date of 2023-9-15
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I...
AMEX:SPY - well after and week of ranging between 415 to 410, early last week we broke down to 406. However, it only took 2 days to reverse 8 days of those losses and are now trading right back at 415. This morning to continue higher a heathy pullback to 412 would add fuel to this bull fire. While a look above 415 and a quick rejection down would give signs for...
NYSE:PINS
Pinterest dropped by 15% after its recent earnings report, despite exceeding expectations. Based on my analysis, I anticipate further decline as the stock closed below the weekly trendline from August 2022. The next support level is estimated to be in the range of 18$ to 19$. While there is potential for the stock to fill the gap left after the earnings drop.
Selling the regular April $29 covered call.
Using the premium to buy a 25.50 April put.
This creates an unlosable position into April. My DCA is 23.95 ish. On 4000 shares I get paid $1,200 for this trade.
And either WIN or WIN
:-)
SWEET.
Not financial advice,
$PINS currently creating higher highs and higher lows in this uptrend in white triangle usually a bullish pattern, but will need to break the broadening formation in blue to confirm. fail to do so and we will head to the lower part of the formation!
Thanks!
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PINS continuing its descending micro-pattern following Earnings (see PEAD Project) towards a low range of 22.87-23.86 prior to its next Earnings period.
Selling Call Credit Spreads following the brief push-up pre-market on 3/10/23 at 24.5/26 (deltas == -0.57 / 0.42).
Consider closing or rolling up/out if loss == 25% OR price exceeds 26
Take profit at 55-65%.
PINS may be on the move ... but has to first contend with 2 heavy congestion zones ahead.
This chart reading uses MA's, simple VPA (Volume Price Analysis), MACD/Momentum and "built-in" Bar Strength analysis
The weekly view is much easier to see given the high volatility on the daily TF .. there's finally some positive sentiment building up on the weekly - the...
