Pinterests stock price (PINS) inched up in the intraday levels while buoyed by piercing the pivotal resistance of $41.60, with support from the 50-day SMA, and amid the dominance of the main upward trend in the medium term as it trades alongside the secondary short-term trend line.

The stock is trying to collect recent profits, and vent off overbought saturation in the RSI as negative signals stream out of them.

Therefore we expect more gains for the stock, targeting the first resistance at $44.65, provided it settles above $41.60.

Trend forecast: Likely Bullish