$PINS | WEEKLY WATCHLIST 10/25

After absolutely CRUSHING it on Pinterest last week, I have an updated chart overlook for this week. Just to recap, we entered long last week at $54 on the break of the downtrend. PINS soared up to $66 on the news that PayPal was in talks to acquire them, and we have since secured profits.

I believe that was only the beginning of the big picture, and we put in a solid wave 1 last week. Looking to start averaging into a swing position in my buy zone around $52.61-56. From there, we should see an impulsive wave 3 up to fill the rest of the daily gap taking us to $70+. Really love this setup, but remember to wait for confirmation and average into your swing position to help mitigate some risk!