fbpx

Pinterest stock is worth your interest

Pinterest #PINS is a fast-growing company with favourable demographics. The stock has dropped in price while outperforming expectations. Pinterest (PINS) debuted on the public markets less than a year ago for $23.75. Since that time, Pinterest has dropped in price by a great percentage and do not think for a moment that the coronavirus is to blame 🙂

PINS stock forecast 2020

The interesting part is that Pinterest has been profitable and has beaten earnings estimates in the last quarter. So why is it that Pinterest is dropping strongly why? Because fundamentals are not that important when trading a supply and demand strategy.

Pinterest stock price forecast

I’ve read that some analysts claim that Pinterest #PINS is a buy for anyone with at least a two-year time horizon. Well, it may be that Pinterest stock will be revalued in two years, but why buy Pinterest now and lock in part of your capital in a stock that is dropping like a rock reacting to super strong weekly supply zones?

It makes no sense how some analysts and websites recommend buying Pinterest stock to hold it for two years when it is in a clear downtrend. Take a look at Pinterest #PINS supply and demand weekly timeframe analysis. There is a strong weekly supply of around $25 per share. These supply zones act like magnets to price, a price level where there is a lot of interest by professional investors.

PINS stock price prediction chart

Pinterest #PINS weekly downtrend

Pinterest #PINS stock has reacted to that strong weekly imbalance as expected. This is the type of analysis we do in the Set and Forget online trading community. We actually had this imbalance shared when it was created, and that’s where we wanted to trade Pinterest #PINS stock.

Weekly is in a clear downtrend with new supply imbalances created and breaking all-time lows. Buying Pinterest #PINS stock now is a waste of resources and a silly way to lock in part of your capital by doing absolutely nothing.

Pinterest stock analysis

Pinterest #PINS is a visual discovery engine for finding ideas like recipes, home and style inspiration, new places to travel, photography and much more. Pinterest users utilize pins to share ideas amongst users. These pins are images or videos that users can post on their boards (like Facebook walls) for others to see.

Related Post

Disclaimer

Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Get Free Trade Ideas

Don’t miss out on the next big trade. Subscribe to our Newsletter.

New Book Out Now! Master Stock & Forex Trading with the Power of Supply and Demand!