Pinterest, Inc.

Request - Pins Update - Bear Count

176
I was asked for a PINS update. Unfortunately I am a bear here.

30 week MA curling to the downside. Relative weakness here as well accompanying the trendline break. Looks like a cycle 1 top is in. We appear to be in a 7 swing WXY correction with 100 extension confluence w/ the 61.8% retracement somewhere around 40-45 a share. I still think pins could see upside to the 66-70 range before the flush taking it to wave 2 bottom, but time will tell. As of now I think the green arrows show us the most likely course at this point. (be mindful I could be completely wrong and maybe we are setting wave 2 bottom now)

Dont place trades directly off my analysis, always do your own DD!

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