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Benzinga
Benzinga
Technology
Melanie Schaffer

Is The Bottom In For Pinterest Stock? Here's A Technical Perspective

Pinterest Inc (NYSE:PINS) was trading about 3.6% higher on Thursday in an uptrend counter-rally to the long-term downtrend the stock has been trading in since Oct. 20, 2021.

Short-term bullish cycles take place within all long-term bearish cycles and although Pinterest looks set to trade higher over the coming days at least, the stock has a lot of work to do to prove the bottom is in.

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