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Pinterest Inc (PINS) “On a long-term technical basis, the stock (PINS) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 28.37 and 24.35. If the stock breaks down through support at 28.37 then it will probably continue lower to 24.35. The stock has resistance at 36.88. The 200-day moving average is at 20.46. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 28.37 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (48.19).”
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