ETSY trade ideas
ETSY LongETSY a company that is in the business of online shopping and promoting small business (2 great winners during COVID) recently sold off a mild amount. The recent sell-off is one that I believe to be weak and buyers will be able to take this thing to 115 amidst strong market conditions. Those conditions being that the NASDAQ holds key price levels and remains strong, and the FED staying on their course of liquidity in financial markets. After the sell-off ETSY made single prints on the low and sellers couldn't push it down further, that's where the buyers stepped in. After the single prints on the downside, we saw the same on the upside where sellers began to fight back. We are currently trading in a range where if the supply zone (yellow) above is filled with strong buyers we are able to make the move to 115, and as we speak ETSY is accumulating on the tape (strong buyers, buying at all prices). The company is a clear winner of COVID and is moving forward in AI technologies through websites, which is also quite strong. My price target for ETSY is 115, but we must see the sellers lose the battle in the supply zone above.
$ETSY 15% upside within channel
Possible entry $117
Potential upside target to top of channel $135.
Indicators bullish
Etsy wave theory. (heading to level 4)We just passed wave 3, and I believe we are on a down trend to wave 4.
It might be a good time to sell if you haven't and buy back in around $98.50 - $100.
Suppose we can hold resistance in wave 4. Sale once it gets around $123.
Seans Etsy guidline lolIf it goes over the green dont sell ride the profits.
If it goes under the red cut your losses.
Hold for till July/17
Etsy Inc (ETSY - NASDAQ) - Bulls on fireEtsy Inc (ETSY - NASDAQ) is in 4th internal wave correction of 5th subwave of 3rd wave up. One more high will end the 3rd subwave of 3rd wave. Stay bullish on three wave decline for new high until the sequence gets over. It is in solid uptrend in weekly time frame just like a vertical rally.
$ETSY $117 next target
Next Major Fibonacci Target $117 for a 1-2-1 expansion.
RSI is overbought but momentum and sentiment
is so positive in the sector.
Getting near the end of this move and in need of
a healthy retrace
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ETSY : The best investment you can do !!as we see since the quarantine the ETSY stock is getting higher only and it is priddicted to exceed the 125 border within the next month and may go down at august !!
what are you waiting for ?
we advise to buy at 103.94
then sell befor august
$ETSY $106 Target
Stock is quite overbought but has held strong as the market became weaker.
Next Fibonacci target is $106
ETSY - Possibly coming to Resistance Zone at 95-97 $ETSY
ETSY Inc
Possibly coming to Resistance Zone at 95-97 and we may see Profit Taking // Sell Off to occur.
Its better to wait for right Buy Setups to emerge again.
62-73 region looks good. BUT need to see formation in those regions (if it hits)
#USA #STOCKS #NYSE #NASDAQ
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ETSY: Ascending TriangleAscending Triangle
Descending Volume
200MA pointing North = Bullish
PPS above 50MA
250RSI above 50 = Bullish
If Confirmed:
Target = 105.49$
ETSYif the volume is there tomorrow this could be a nice break out for ETSY to ATH. A move to $90 seems possible with volume
$ETSY Target price $100
Stock looks destined to hit the $100 target in the near future.
Alert set for break above $88 for possible entry
Upside targets $91 $95 $100
MACD reversing bullishly
RSI has worked off overbought conditions
ANY LIKES OR COMMENTS ARE REALLY APPRECIATED SO AS TO KEEP TRUE ANALYSIS ON THIS PLATFORM.
$ETSY Ascending Triangle - Near Term Breakout Candidate$ETSY Ascending Triangle - Near Term Breakout Candidate
Strong close today above resistance. Expecting follow through move tomorrow.
Near term target - $100-$105 range
Note: Not investment advice.
ETSY long set upForming c&h on daily, tight range. Waiting for pull back to complete the pattern and enter around 85is, PT around 90, 95
$ETSY $85 Price Target Jefferies is bullish on e-commerce growth trends sustaining with a pair of upgrades in the Internet retail sector and a price target boost. The confidence arrives with the Amplify Online Retail ETF (NASDAQ:IBUY) easily outpacing the S&P 500 Index this year, a trend Jefferies sees extending over the long term.
The firm takes Etsy (NASDAQ:ETSY) up to a Buy rating from Hold on its view that the pandemic has led to more reliance by consumers on the platform.
Source seeking alpha
I Paper Traded these 8 Stocks since May 8th: $11.454K Profit SimFirst off, please don't take anything I say as financial advice or seriously. As always, this is on an opinion based basis. That being said, the stocks I paper traded off of a total of 10 trades with 11.45% profit off $100k simulated were: ETSY, TSLA, OSTK, DELL, NVDA, JD, NET, and FVRR. This was done to show I know how to also do a conservative trading strategy for holds rather than day trading or penny stock buy and sell, or other risky positions I am usually good at. That being said, I am not making a recommendation as of now on all of these stocks. Tesla I am pretty bullish on, as well as most of them, however the reason they did so decent is I was focusing on a Covid19 related time period. This is just a demonstration to show that you can still make good money while many markets are bearish. 100% of the simulated trades were profitable.
