Pinterest Inc (PINS) “On a long-term technical basis, the stock (PINS) is trading below its 200-day moving average which implies it is in a negative trend. If the new level of support at 20.77 holds, look for a bounce to the next resistance level at 21.54. If the stock breaks up through resistance at 24.26 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 20.77 and 19.48. If the stock breaks down through support at 20.77 then it will probably continue lower to 19.48. The stock has resistance at 21.54 and at 22.81. If the stock breaks up through resistance at 21.54 then it will probably continue higher to 22.81. The 200-day moving average is at 22.81. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (85.95), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”