Pinterest sideways move till earnings report
Hi all,
There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is doing well that they are not going to risk another bad quarter and they somehow show the results in a positive way and keep anything bad for another quarter.
There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is doing well that they are not going to risk another bad quarter and they somehow show the results in a positive way and keep anything bad for another quarter.
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