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
E2TS34 trade ideas
Etsy poised to keep up its momentumEtsy is poised to do very well as a momentum name in a stimulus fueled market environment.
ETSY is ready to break out of a double bottom baseETSY is ready to break out of a double bottom base with a 147.65 buy point off the middle pivot. The 10d ATR (x2.7) calls for a 15.01% loose stop which would be 122.08 with the current close. That's a really loose stop, so a smaller position size of R6.66 is needed.
An alternative stop could be the first bottom of at 132.69 and allow for a larger position.
10d ATR
Stop 122.08
Position R6.66
Alternative
Buy Point 147.65
Stop 132.69
Position Size R9.87
etsy to 170channel reaction on the .618 level. rsi double bottom at 28 on h4. set up for a nice run.
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 potential long into earnings
Considering the selling pressure within the market ETSY has held up well in comparison to other
growth stocks.
With earnings approaching on the 28Th we could see a nice run up into the event.
Potential entry on a break above the 7ma.
Resistance @ $147 on the way to ATH.
Breakout Target if we get it $168
Etsy Earnings a Buy! Etsy Earnings Run up! as Always not trading advice, trade at your own risks. minimize losses by taking early profits.
Target -160
SL 132
$ETSY - 2 day swing or call optionThey report on the 28th
Idea is to buy at the open (or within the first hour) on 9/26, sell 9/27 if you do not want to risk earnings (risky).
Whisper report showing a beat on earnings - could be a yolo to hold through earnings.
$ETSY could be the BESTYAnother ecommerce earnings play with huge potential. Looking at debit spreads as we get to earnings.
Short Posittion ETSYETSY has reached one of its historical highs and MACD is approaching a downward trend.
Etsy About to reach profit level 2!going strong and beautiful on the way up, riding a bit more to profit lvl 2 to close all and rethink strategy :)
