$PINS has finally reached an area of previous resistance that should act as support.
I was hoping for a bounce in the 0.618 fib range, but we didn't get that.
I took a bite here, but not feeling great about as fundamentals appear bearish.
If this support doesn't hold, next obvious bounce area would be once the gap area (daily bar chart) from $28-$31 is filled.
Good Luck!
I was hoping for a bounce in the 0.618 fib range, but we didn't get that.
I took a bite here, but not feeling great about as fundamentals appear bearish.
If this support doesn't hold, next obvious bounce area would be once the gap area (daily bar chart) from $28-$31 is filled.
Good Luck!