PINS gapped higher on the results and then pulled back -- as you might expect. But then it kept sliding on the last big news story:
That was good news for potential buyers because it brought PINS all the way back down to fill the earnings gap.
The next signal came yesterday when PINS formed a bullish outside day/engulfing candle. That potential reversal pattern suggests the short-term bearishness is finished.
We're using an hourly chart here to show how PINS is holding the 100-day simple moving average. This can be a useful indicator for equities when the daily chart lines up. Multi-time frame analysis is in our blood at TradeStation!