ETSY BEARISH DIVERGENCE - RISING WEDGE MEASURED MOVE TARGET FOR THIS PATTERN IS AT THE 1.618 FIB EXTENSION AND 1 WEEK DEMAND ZONE JUST ABOVE THE 200 DAY MOVING AVERAGE.
ETSY
Above $39 for $JMIA is a retest of the highs at $50Above $39 for $JMIA is a retest of the highs at $50
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.
Index Reconstitutions: Is there a trade?A friend asked a very good trading idea question: Can we profit from additions and subtractions to stock indexes? The addition of NASDAQ:TSLA was a very public event this year and definitely led to a bull run in that stock. What about other stocks that were added and removed this year?
ETSY still in bullish ESTY still in bullish but close to a possible resistance, we'll see if its going to break its previous highs
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level
Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION
You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108
The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening
A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level
If MACD switches sides we are looking at another rally to $108 as well as other tech following
So far i have noticed that BIGC is a leading indicator of other Tech
Earnings will also be a good indication of the direction
Time to Buy ETSY1. ETSY surpassed the strong resistance line (141.41) with the expectation for earning call, which will lead the continuation of up-trend.
2. Target Price is 170 by Christmas.
$ETSY could be the BESTYAnother ecommerce earnings play with huge potential. Looking at debit spreads as we get to earnings.
$ETSY - New Wave Cycle This is a great opportunity. $ETSY looked like a buy this morning and it raged! I was so happy. My account so happy. But when I zoomed out I noticed something troubling... We just completed a bull cycle and now commenced a bear cycle. I happened to time corrective minuette wave b at the perfect time. The good news is that I now know to sell, by puts targeting $80 range for primary wave 3. Target should be met by early next week (9.30.20).
I will do my best to post updates but think about loading up on puts and confirmation is below $106.
Good luck.
ETSY$ETSY Gave us two nice Breakout Trade Set ups last two callouts with great gains.
Like this potential set up as price traded off the 89 EMA with momentum
on friday as well as out of a zone. $ETSY also got added to the S&P 500 Friday.
ETSY - Long to $123 and $132A great news for ETSY gets into S&P500. What's next guys?
This news may bring a large options, buyers ETSY.
Alright, there are FA. So, how about TA?
I tried looking through D1 and realized there is 1 clear pin bar candle.
It rejected a price cut across the Demand Zone.
Combined with RSI on H4 indicates a reversal signal.
I think this is a good time to enter a Long position with targets of $123 and $132 in this September.
Disclaimer!
ETSY to $92 or $130ETSY being added to the S&P will provide give it some momentum that should easily break this current downtrend. I am however bearish on this market still and think post labor day when the smart money comes back, we start selling even more. It does also appear that ETSY could end up creating a H&S pattern that over time would send it down to around $60
ETSY holding multiple supportThe are multiple technicals showing support at the current level.
1. 50sma hasn't been broken since early april. (orange trend-line)
2. has seen reversals at the lower end of the trend (blue line)
3. we are above, and holding the previous resistance from early July (red-dotted-horizontal-line)
4. Drawing a Fibonacci retracement from: All-time-high to 100sma, we are about to touch the 38.2% fibonacci retracement level.
ATTENTION - ETSY with a monthy reversalATTENTION ‼️
ETSY with a huge monthly Reversal Candle.
Etsy is a Top Growth Company and its performance of the last month is insane (roughly 300% from March Low). But it might be time for a correction.
--> Bullish Target Zone at 96 USD
--> Bearish Target Zone at 73 USD
iSqore: 7️⃣0️⃣.55
Profit: B
Growth: A-
Value: C-
Health: B-
