There may be a rebound for a day or two (RSI is oversold, should bounce for a bit) but considering the support lines and a possible H&S forming, later on, these targets are the most probable outcome. After all, Covid is over and people are spending less time shopping online and will redirect their money to the travel and service sector. So it's just a matter of time for ETSY to go back where it was pre-Covid. Saw what happened to Netflix? It's coming here. Stay cautious and let's see!
Note
No one likes to short stocks but I don't decide where this goes. I'm just sharing my observations and they're not always right because this is a giant casino for god's sakes. So don't hate on me for saying what I see on the chart.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.