Pinterest- Big Base Forming
Pinterest ($PINS), is forming a big base on the weekly chart. It reminds me somewhat of CrowdStrike ($CRWD) which I posted about here. I like the way this relatively recent IPO has been acting. After tripling off the March lows, it has be acting very calmly over the past few weeks and is closing in on a new high. The market has been so hot the past few months and stocks like Pinterest have been exploding higher (examples Zoom, Amazon, Tesla, Apple, Nio, Nvida, Chewy, and many more. Pinterest may need some more time to base but it is definitely worth watching for a strong run higher.
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