PINS price action has been very choppy and strange, but the latest sharp pullback suggests it is a wave 2 correction following a leading diagonal wave 1. If that is correct, then price should have a 3 move up and followed by another 5 waves down. Price cannot make a lower low than $16.14. Fundamentally, the company is doing OK. There have been good progress made on overall business model and institutional interest has been growing. The fallout from the last earnings meeting might be too extreme and stock will bounce back and test the lows, maybe close some gaps before making the move towards the upside. Let's see how things go.
