PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway.
Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.