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ETSY INC DRNETSY INC DRNETSY INC DRN

ETSY INC DRN

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E2TS34 trade ideas

Etsy rejection from upward channel resistancePattern: Upward trendline resistance, looking for a rejection of that line with continuation. ETSY is also at the top of the bollinger bands on the daily, weekly, and monthly charts. Also, bearish divergence in the moneyflow chart. Edge: The stock has risen almost 300% in 2018 alone, and we are shorting the rally here looking for a retracement of that gain. We are not looking for a long term bearishness. We view the overall market as bearish right now and we are adding to our short positions after yesterday's low volume rally. We like to short high growth stocks in bear markets, as they tend to have the highest volatility and are most negatively affected in a slow growth market. Risk Management: We are buying March $50 Put contracts for this. Entered at $4.00 per contract. We bought these when the underlying stock price was around $56. Stop loss right above the all time high today ($58.35). PT1 is around $52, PT2 is around $43.50, and if we get to PT2, we will probably keep holding to look for a gap fill. At that point, depending on how much time has elapsed we might roll our puts to further dated puts. There are two large gaps that are unfilled around $36 and $23. Notes: The puts are 30 delta so if we get stopped out when price reaches $58.35, we estimate that the contracts will be worth around $3.35. We're prepared for a drop to $3.00 to be conservative.
NASDAQ:ETSYShort
by ClearCutTrading
ETSY breakout form ugly cup&handleHorizontal S&R: breaking out of range Channel S&R: yes, rising up trend. MA S&R: above both 20 and 50 >200ma: yes Volume confirmation: vol running up into breakout. Candle Confirmation: no Stoch Divergence: no Reg Trendline > n/a Short Float: 7% Risk / Reward: 2:1 Zacks Rank: 3-Hold 3 Style Scores: F Value | C Growth | D Momentum | F VGM Industry Rank: Bottom 41%(151 out of 255) Industry: Internet - Services I still haven't bought anything on the site, but i like what i see. Furthermore, I'm getting tired of Amazon's cheap Chinese knock off crap. Also worth noting: Etsy price target raised to $59 from $53 at DA Davidson DA Davidson analyst Tom Forte raised his price target on Etsy to $59 and kept his Buy rating, saying the company's decision not to replace its departing COO Linda Kozlowski is an indication of the new management's ability to "do more with less". The analyst notes that his price target change assumes a higher than previously expected long-term growth rate with a maintained EBITDA margin outlook of 33% vs. 21.7% in FY17. Forte also cites Etsy's potential to improve mobile conversion and the latest pricing power evidence from a sales charge increase to 5% as some of the company's catalysts.
NASDAQ:ETSYLong
by SR618
Buy the earnings and the cup and handle formationLong term (imperfect) Cup and Handle completed, with a (failed?) breakout on the recent earnings. After an initial substantial pop after hours post earnings release, ETSY lost most of its gains. Now gently climbing back up over its breakout resistance of 45. Bought the shares at 42.65 pre-earnings. Held them through the up and the down. Awaiting a close above 45 for a confirmation of the breakout. If confirmed, keep holding or initiate position above 45 for medium term target at 60.
NASDAQ:ETSYLong
by HAL9000
$ETSY - Near Top; Pending Deep Retracement - 08 AUG 2018$ETSY - Near Top; Pending Deep Retracement - 08 AUG 2018 Tentative wave count suggests completed bullish impulse, pending correction CROW Code calls for correction at current vicinity CROW eyes 28.97 BULLISH reversal Overall - Bearish; pending corrective Risk Line (dashed curve) suggests: 1 - Pushback at/near 40.86 (RED) 2 - Reversal at/near 48.64 3 - Break of 40.86 opens floor to bears 4 - Significant support at target: 28.97. INVALIDATION - If price breaks > 50.60, current predictive analysis/forecast becomes void. David
NASDAQ:ETSYShort
by 4xForecaster
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