Aug. 12 at 3:20 PM
$PINS
1. Heavy early participation: Reaching over 4 million shares by mid-morning is a strong sign of active interest and possibly institutional involvement early in the session.
2. Completion of full-day average is within reach: If volume keeps up, PINS could easily exceed its typical daily trading by early afternoon—often a bullish signal.
3. Context matters: High early volume alone isn’t a guarantee—watch price action too. If the price is holding or climbing, it’s more bullish; if it’s sliding, to the upside, demand remains strong. If price is weakening despite heavy volume, that might indicate early distribution by big players.
