Here is an easy ta for Pinterest long:
Pinterest is since March 18 in Corono Up-Trend. S1 shows a healthy way to life coming up and breaking through resistance at 24 $ mark.
At 29 June buyers took control as you can see by hammer candlestick followed by rising volume.
Next resistance is around 26 $ mark but I guess with that amount of volume should be no problem.
Indicators:
BB= Close to upper band, oversold, no signal
200 day SMA= moves above, buying signal
50 day SMA= moves above, buying signal
MACD= Crossing, tendency up (up-trend), buying signal
RSI 14= Crossing at 50, buying signal
Volume= Is rising, buying signal
Candlesticks:
Hammer=Confirmed up-trend after that
For maximal risk/reward ratio I would recommand you an option play:
1. Buy Call 28 Sept
or/and
2. Sell Put 20 Sept
So going long covered or naked.
Good luck for your trading :)
Pinterest is since March 18 in Corono Up-Trend. S1 shows a healthy way to life coming up and breaking through resistance at 24 $ mark.
At 29 June buyers took control as you can see by hammer candlestick followed by rising volume.
Next resistance is around 26 $ mark but I guess with that amount of volume should be no problem.
Indicators:
BB= Close to upper band, oversold, no signal
200 day SMA= moves above, buying signal
50 day SMA= moves above, buying signal
MACD= Crossing, tendency up (up-trend), buying signal
RSI 14= Crossing at 50, buying signal
Volume= Is rising, buying signal
Candlesticks:
Hammer=Confirmed up-trend after that
For maximal risk/reward ratio I would recommand you an option play:
1. Buy Call 28 Sept
or/and
2. Sell Put 20 Sept
So going long covered or naked.
Good luck for your trading :)