$PINS $20.50 Price target Short-Term

20 May 2020

Following Elliot Wave and Fib Retracement we could see dip to $17.50 support zone followed by a final rise to $20.50 in the following week. Price will need to test $19.50 again to prove breakout is possible. News on FB shops may be enough to turn market more bullish on PINS. Current Price targets are estimated at $20.32. Look to enter long at near 17.50 with verification of low RSI/OBV on 1 hour charts.