PINS Trade on Aug 2, 2019 12:40 from Cklamb: Tradervue User Stock Trades.

PINS-
Intraday Fundamentals
• Pinterest Price Target Raised to $40.00/Share From $26.00 by Deutsche Bank
• 04:22 PM EDT, 08/01/2019 (MT Newswires) -- Pinterest (PINS), a social media platform, reported -- after markets closed on Thursday -- a narrower-than-expected loss and higher-than-estimated revenue for its most recent quarter.
• Non-GAAP net loss shrank to $0.06 per share for the June quarter, from a net loss of $0.27 per share, for the year-ago period. The average estimate of analysts surveyed by Capital IQ was for a non-GAAP net loss of $0.09 per share.
• Q2 revenue increased to $261.2 million, from $161.2 million, surpassing the analyst consensus of $237.2 million.
• Going forward, the company said it now anticipates FY19 revenue to be between $1.095 billion and $1.115 billion, up from its prior guidance of $1.055 billion to $1.080 billion. Wall Street was looking for $1.069 billion.
• The company also said that its monthly active users (MAUs) hit 300 million during Q2.
• Shares rose as much as 12% in extended trading on Thursday.

Technicals
ADV 4.8M RVOL 1.53 ATR 1.01 Short 15% Inst Own 53.20
Daily

Hourly

Intra

Trading Plan
• Look for a long 31.71 with a stop at 31.50 if it flushe to this in the opening
• Look for a hold of 32 later in the morning with the stop at 31.70
• Look for resistance around 33.00 watch the tape ans see if if is weak consider scalp of of this level and following with a tight
• There is a breakout trade above 33.25
Reading the Tape

I watched this tape for while looking for some strength around VWAP. The tape looked healthy as the stock came back from underneath. The tape looked to support both VWAP and the SMA. It also looked strong as it traded above .80.
Trade Management

Trade Review
• When I got stopped, I felt like I pushed this in.
• In Review, this is s set up that I have to take.
• The risk versus reward on this set up almost demands it
• I may want to consider a closer stop if one presents itself. In this case, I may have used the wick of the high volume candle. However, I think I set the stop at a good place to give the trade room to work and risk .17 cents for about .55 a little over 3 to 1
• I had both the MA and VWAP supporting the decision to take the trade and the tape seemed to confirm that this had slowed down at this level.
• Great report and strong price action in the opening led me to believe this had a higher chance of bounce off VWAP
• I think the rejection of the high and the steady step down to this level probably reduced the probability.
• I HAVE TO TAKE THIS TRADE!

Aspect Score Poss. Notes
Preparation 8 10 For a mid day VWAP trade yes I had a couple if thens for this and a play off VWAP is always one of them
Hard Work 8 10 I watched this action and the tape for a while helping set the stop and the entry point.
Patience 8 10 I felt that this would give the one more test of the SMA before moving higher set the limit there and waited for it to pull in.
Plan 6 10 The plan fell apart quickly. 70 entry stop below that candle hold until 72 or MA follow.
Discipline 4 10 No… I needed to follow the tape into the opening. It may have change my bias on the last few candles
Contribution NA 10

Replay 0 10