Etsy, Inc.
Updated

$etsy cup and handle study

329
someone asked me to take a look at ETSY . i hold very few stocks and generally dont trade retail stocks and may not actually take this trade

9 month accumulation in demand area.and break out



factors
  • Nasdaq made lifetime highs today
  • etsy has a suprise earning where the made more then expect per share -.03 vs -.06
  • 3d stoch is high , try to cross down.
  • about 80 cents from supply area.



dis-qualifiers
* nasdaq as an index remains bullish , causing etsy to rise through demand area.

possible recommendations
sell ~15.2 , if earning suprise shock wheres off and nasdaq doesn remain bull
buy ~12.5 if measured pullback happens and index doesnt look to have bearish moment


Note
the handle is forming here quite nicely
Note
still on track. nasdaq is tanking today due to AAPL sell off.
Note
first target hit
Note
ive held this position until this week..

if you took the trade as indicated above, you realized a 50% again
this position never met my criteria to take profit so i realize a 262% again

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.