Sharing - TA has helped me greatly on my approaches (e.g. PINS)

Asphen
2023-06-17

Price action/TA had guided me well on PINS; Never possible before!


- Charted the price action for many months in a controlled buy channel

- On 24 Apr, the earnings reaction caused the counter to gap down big!


How price action analysis had guided me on the path!

- On gap down, stayed calm and marked the gap and 50% gap fill level

- Looked for yellow MA5 basing coinciding with the long drawn support range at 21

- When it based ==> Sold Puts

- When MA5 crossed above MA20 ==> Sold more puts

- Saw formation of cup at bottom of gap fill at 24.5 ==> Sold calls

- In the handle pullback to 23 ==> Closed calls and sold more puts ==> Possible bull flag

- Price action has been a higher high and low and now filled the gap fill 50% level of 25 ==> Sold puts maturing very well

- Price action has just broke back into the previous buy channel!

- Now looking for top of gap fill at 26.5 (bigger cup) and also top of cup at 28


Price action analysis has certainly guided me back on the path for PINS

PINS Daily Chart

@CaptainTiger  @LMSunshine  @Deposit  @melson  @TigerStars  

$Pinterest, Inc.(PINS)$  

How to pick strike prices for options?
Picking strike price that's aligned with your strategy is a critical component of one's options trading. When selecting a strike price, it is important to consider the current market conditions, the underlying asset's price movement, and your investment objectives. ---------------------- How do you pick strike prices? What tips or strategies do you use? Have you made any mistakes or learned any lessons from it? What were your most successful and unsuccessful experiences in picking strike prices?
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Comments

  • pixiezz
    2023-06-22
    pixiezz

    Excellent take on Pinterest’s present state and future prospects. I read same and that’s why I’m so confident in the future for this Company and it’s shareholders. Great post. Thanks!

  • vippy
    2023-06-22
    vippy

    Pinterest is not e commerce it’s social media and won’t amount to anything but failure and bankruptcy in the near future!! 🤡

    • Asphen: 
      wow... doom n gloom 😉
  • LMSunshine
    2023-06-20
    LMSunshine
    Glad that your conviction and analysis gave you confidence to hold till rebound😉
    • Asphen: 
      it was good. seeing how TA has helped me not FOMO in.
    • Asphen: 
      yup
  • melson
    2023-06-17
    melson
    keep calm and move on
  • Aqa
    2023-06-18
    Aqa
    TA 👍🏻 Liked, shared, comment and here to support.
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