It is time to put an alert on PINS. The stock has been very constructive for the past year putting in a rounding bottom. From an Elliot Wave point it counts as a leading diagonal with fib targets almost in the money. It has created the cup of the cup and handle pattern and the handle is being formed right now. over the next weeks I will keep a close eye on $21 -...
Omg omg omg when I do my top down I like to start with 3 month chart and work my way down and right off the back bamm!!! there a double bottom on the 3 month chart this is nuts right now we are at support and super far from the breakout but I will be keeping my eye on it
$PINS 'JADE LIZARD'
Pinterest has been great for iron condors the last six months as it has been ranging between $20 and $27.
A similar neutral strategy is a 'Jade Lizard', which is combining a short put with a call credit spread. The idea is that the premium credit from the short put needs to be sufficient to cover the max loss of the call credit spread. And in...
I have been watching this formation for a couple of months. I was caught by preliminary breakouts but now it seems the true one is about to be played out.
I like to buy PINS here.
After the short attempt to retrace and the close of the 4 hour window we've got a sharp spike up which I consider being a signal for renewed strength. As we still are trading in a broad range I prefer to trade the 4 hour only not yet looking at longer terms. The more that I assume to whole stock market rather running sidewards in the next time.
Big money could be flowing into Pinterest. My target is $71.86, same as the analysts target. Short term target is $60.35 but long term is $76.97 and $80.28. For the $80.28 target I do think its a little unlikely to be reached
The whole picture. Trading in a nutshell. Big consolidations know matter the form; triangles, pennants, or rectangles... etc. A good trader has a lot of patience. So, at the moment we are in a good rectangle base consolidation, it could change to another form. The trade and the hope would be that in time we breakout to the upside of the consolidation for a big...
Pinterest - 30d expiry - We look to Sell at 26.74 (stop at 28.01)
The primary trend remains bearish.
The trend of higher highs is located at 26.80.
In our opinion this stock is overvalued.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Although the market broke to...
The PEAD projected a Bullish outlook for $PINS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Selling the regular January $28 / $24 collar. Selling the call at $28 Jan and buying the $24 put. This will be for a net credit. FROM HERE, can't lose!!! :_)
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
26 continues to hold back the...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
Rallies should be capped by...
The price hit the entry level and moved higher.
It didn't hit the target for few cents and then started to shake nearby the target.
A failed check, closes the position for me.
