Long

The Bullish Case for $ETSY

Updated

is a leading online marketplace for unique, handmade, and vintage products. The company has a strong brand identity and a loyal customer base, which gives it a competitive advantage in the e-commerce industry.

The market for unique and handmade products is growing rapidly as consumers increasingly value individuality and sustainability. Etsy is well-positioned to benefit from this trend as it offers a wide range of unique and eco-friendly products. Additionally, Etsy can expand into new product categories, such as home decor and apparel, to increase its market share.

has made multiple bounces from the $167 support level and looking to capture an upside move.

Note

continues to move above the 200 SMA which is a good sign for further bullish momentum

Note

has been a tease and continues to bounce off the major resistance at $67. Continue to be bullish for the upside

EgideSimba

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