A Real Money subscriber emailed me today asking about my technical thoughts on Pinterest (PINS) . It looks like an interesting juncture now where prices are either going to make some sort of double top around $89-$90 or power up to new highs. Let's drill down on some charts.
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It looks like everyone is in a rush to get out of Chinese companies.
While the stock split may signal confidence from the management side to investors, I don't generally see reverse splits as positive.
The shares have been correcting lower since early May.