$ETSY Long Etsy back to ATH
Nice Channel breakout sets up move back tot he ATH
Fibonacci expansion target $207
ETSY trade ideas
ETSYETSY 1/10/21 1D TimeFrame
1. Price action traded outside channel, did a pullback and seems like upper channel boundary acted as a good support where price bounce back for a bullish move.
2. MACD lines seems to converge together and histogram shows a weakening bearish momentum.
3. Stochastics looks oversold ready for a bullish move.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Etsy downtrend breakoutWhite lines : is weekly channel dating back to March
Red lines : Uptrend channel
Yellows line: downtrend
Volume isn't much to write home about but Etsy might be in play with the news of new stimulus; Ecommerce stocks seem to love it.
Fell off after a nice xmas run but broke downtrend (Yellowline) and found support on top of it weekly channel(Whiteline).
Targets are Greenlines
$ETSY: BullishPost Breakout – Retest Dip buyWKHS: Ranging – Head and shoulders play – PUT can also be played here. Wait for bullish pull back. target at $21-22
ETSY remains bullishWe only enter when the stock is able to break previous candle highest point.
ETSY is looking good for short term pull back entry.
ETSY Long into $200s Possible play off the 4day chart holding the 8ema which may produce some bounce NASDAQ:ETSY
$ETSY | Bullish Falling Wedge: Watch For A Breakout$ETSY formed a bullish falling wedge. Watch for a breakout for longs.
Target 1: $175
Target 2: $181.5
Target 3: $185
Ext Target: $189
Etsy at a cross roadLooking at the chart , you can see etsy fell out of its secondary channel and found support on it's original channel. If support gives way our
1st target will be 165
2nd target 155
if support holds next target is 180
ETSY ShortEtsy seems to have bounced off its resistance today at 190. The short position for Jan 20 seems ready to go. Looking at its RSI and typical chart pattern, Etsy is overbought at the moment and it reaching newer highs seems unlikely for the time being. I will be looking for it to hit its support of 150.
ETSY Post-Holiday RetracementETSY made a really strong movement over the holiday season, and is currently at the upper channel resistance that I marked in an earlier post. The e-commerce sector has been booming over the holiday season, and I'm seeing some hints of a retracement that could begin as the holiday season concludes. ETSY is up 11% this week, and 50% from mid-November.
Will be interesting to see next week's price action:
Target 1: .23 retracement ~$170
Target 2: .38 retracement ~$155
Comments are appreciated.
Bullish breakBeuaty break into ATHs here. Like this alot considering season w/ online platforms booming
$ETSY Short Term target $180 🎯 🎯
Alert set for break above $168.
Target $180 in teh short term.
Strong indicators
7ma rising in support.
Volume rising.
Resistance @ $172.
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Double top on ETSY, short position opportunityPrice has struck as strong resistance trendline and seems to have formed a double top, RSI indicates the stock is overbought and wavetrend is in upper level. A short position looks good with a take profit of around 145.2.
