ETSY
$etsy H&S, Part 2 Declining volume, bear divs, ATH resistance.NASDAQ:ETSY
Ignore that purple line, I didn't see it there when I posted the chart.
Title says it all.
Declining volume,
Bear divs,
Overextended,
Head and shoulders,
Nasdaq stretched overbought for the past few days.
One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target is lower than last time.
Short the red area, cover in the green.
Sidenote, Nasdaq looks to be rejecting from the 0.5 fib retracement from the all time high to the bottom. Should be significant pullback soon.
Short $ETSY swing play $55 to $46ish area. This play and the reasoning should be pretty self explanatory, zoomed the chart out so you can see how far back I look before taking a trade. The play is from the Red sell rectangle to the Green support rectangle, and start looking to abort the trade at new highs with high volume and/or any random bullish news. Looks like it's at resistance and almost all the oscillators are overextended on the daily timeframe, with VFI clearly moving downward. If this play works out the way I'm thinking I'd be looking to short the next bounce.
ETSY potential growth accumulationETSY market cap. 4.7B vs AMZN market cap. 856B
ETSY has potential to grow compared to e-commerce retail giant AMZN
Long term idea without predefined stop loss and target profit.
Disclaimer: I do not provide investment advice and I am not a qualified licensed investment advisor.
2018-09-25-ETSYToday as soon as ETSY will cross SMA200 from below I will look for a LONG while price is moving towards 54.50 resistance level, and while SMA20<SMA50.
SL 0.44%
TP 1.32%
$ETSY - Near Top; Pending Deep Retracement - 08 AUG 2018$ETSY - Near Top; Pending Deep Retracement - 08 AUG 2018
Tentative wave count suggests completed bullish impulse, pending correction
CROW Code calls for correction at current vicinity
CROW eyes 28.97 BULLISH reversal
Overall - Bearish; pending corrective
Risk Line (dashed curve) suggests:
1 - Pushback at/near 40.86 (RED)
2 - Reversal at/near 48.64
3 - Break of 40.86 opens floor to bears
4 - Significant support at target: 28.97.
INVALIDATION - If price breaks > 50.60, current predictive analysis/forecast becomes void.
David
ETSY - 08/07Online flea market stock, shaking off a few fleas post-earnings!
Still been a great performer.
ETSY just a draft(this is just a draft, I'll upgrade this chart soon)
1) there are interesting levels tested many times (as support or resistence)
2) take away the "trump effect" of yesterday, stock move out and up
3) think about future acquisitions: ETSY is at a good price, ETSY is still a good (almost leader) marketplace for its niche, what if AMZN want to make some "shopping"? (it's same as if GPRO would be acquired by? SNAP? GOOGLE? FB/INSTAGRAM? AAPL? SAMSUNG?)
4) I'll keep it in my radar and I'll wait - after - these days to enter (maybe with more "discount")
let me know your opinions
thanks
My ETSY long position As in many stock's that i published (except gold , it's weak)
I saw relative strong in ETSY
New one that I'm playing...seeking overbought levelsFirst target 12, second target 14. Needs to break 10 to get going.
Expect more from ETSY?ETSY broke out today. I'm not sure if I'm seeing flags or if it's because kramer said he liked ETSY the night before. Entered @ 7.00 and slept on my exit earlier in the month. Decided to exit at 8.45 today.
