Pinterest long position
Hello everyone !
This is my first recommendation/analysis. Any constructive critique is welcomed. Sorry for my potential English mistakes.
PINS stock was affected by a correction after it's impressive Q2 2019 earnings report and it's stock jumped (+21% at peak).
The correction is characterized here by this orange down Trendline.
The stock entered in what we call a "trading range" (green rectangle). The probability for it to make a downtrend breakthrough is very low
considering PINS last earnings report, market confidence and increased monetization possibilities (strong ad marketing perspectives) in the future for PINS.
PS : the stock clearly broke the "trading range" rectangle (upwards) while i was writing these lines, which comforts the probability to gain some $ more.
Price target is high on the middle-long term.
Keep the looong :)
This is my first recommendation/analysis. Any constructive critique is welcomed. Sorry for my potential English mistakes.
PINS stock was affected by a correction after it's impressive Q2 2019 earnings report and it's stock jumped (+21% at peak).
The correction is characterized here by this orange down Trendline.
The stock entered in what we call a "trading range" (green rectangle). The probability for it to make a downtrend breakthrough is very low
considering PINS last earnings report, market confidence and increased monetization possibilities (strong ad marketing perspectives) in the future for PINS.
PS : the stock clearly broke the "trading range" rectangle (upwards) while i was writing these lines, which comforts the probability to gain some $ more.
Price target is high on the middle-long term.
Keep the looong :)
تم فتح الصفقة
Update : The stock goes up as predicted. Still some % to get. Keep it.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.