Double top on ETSY, short position opportunity
Price 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.