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Pinterest Inc, PINS stock price is on the verge of consolidation phase and may break out.
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PINS shares recovered above 20, 50, 100 and 200-days daily moving averages.
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Pinterest Inc. (NYSE: PINS) gained around 13.36% year to date.
PINS stock price is ready for its breakout from the consolidation phase but sellers may interrupt as PINS struggle to sustain. Pinterest stock has been consolidating inside a horizontal range-bound area over the daily time frame chart. Now, buyers tried to push Pinterest share price towards the upper threshold but looks like sellers are taking charge now. During Tuesday’s trading session, PINS tried to sustain at the upper price range of the consolidation phase, unsuccessfully.
Pinterest stock needs to accumulate buyers at a higher rate in order to facilitate a strong uptrend. Meanwhile, volume change was below average which signifies the accumulation rate of sellers during Tuesday’s trading session.
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We współpracy z: https://www.thecoinrepublic.com/2023/10/11/pinterest-inc-nyse-pins-is-pins-stock-ready-for-breakout/
