ETSY RetestETSY has pulled back to prior breakout levels, which now will act as support at the $75 range. If it can stay above remount and stay above 70, this will push back towards the previous high of $88.
ETSY trade ideas
ETSY - looking ripe to LongETSY pulled back to the 50% fib retracement at 75 with bullish divergence on the 4hrly stochastic. Long @ 75 with initial stop a few ticks below 73. Looking to scale out partially at 88.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
$ETSY Looking for entry on Pullback.
Huge move of the lows as the stay at home economy took over.
Maybe that run has come to a end, Would like to see notable pullback.
ETSY Inc (ETSY - US) - Impulse patternETSY Inc (ETSY - US) is in impulse pattern from last swing low as shown in chart. It is all time high stock. A small new high of the impulse sequence as 5th wave of 5th wave major is due to complete the impulse. After it need to correct it up to at least wave 4 territory.
Earnings Play - final target around 80-83?Looks like this is heading towards that trend line. I would short it once it reach 80+.
Short Target for Etsy at $70First off, please don't take anything I say seriously. As always, this is on opinion basis, and not financial advice. That being said, let me get into a few key points I want to make. Right now Etsy seems bullish and many analyst are giving it buy and hold ratings. I believe for a quick profit turn over with mitigated risk for day traders, a $70 short target should be quite reasonable as your next move.
Break above $62.6 and back tested, possible break out furtherBreak above $62.6 last week after 2 inside daily candles. and back tested level, possible break out further to all time highs $73. Online companies have been on fire, like SHOP and Wayfair. Earnings May 6, but this has run quite a bit. May options interest $70 calls with 1295, June $65 calls with over 6000 OI and $75 calls over 2200 OI. There isnt a chart pattern, maybe a small cup and handle. Good Luck!
ETSY - reversal potential drop OF 20%RSI crossover
Stoch crossover
Pattern Reversal:
Action: potential drop OF 20%
Strategy: SHORT
$ETSY levels to watch
Bullish stay at home economy stock but has had quite a recovery from the bottom, may be getting exhausted.
Upside Fibonacci targets and horizontal levels to watch as per chart
$ETSY due pullback
Great reversal of the bottom, but maybe its time to take a break,
Volume dropping and indictors beginning to roll over.
$etsy approaching resistance Fantastic bull run of the off the lows but caution needed as
Fibonacci golden pocket approached and down-trending channel
$ESTY surges on strong data
Etsy outperformed the market on Friday after releasing impressive data,
Will be on the lookout for continuation Monday
ETSY Round DownETSY looks like its heading back to last weeks lows. It has bounced off the 13ema as resistance and started forming its rounding pattern to the downside. The 200 sma on the weekly chart is resting at the $34 range, which is why i set my target there instead of the lower low.
Long entry above boxETSY still strong on the work from home theme.
Long above green box stops below green box..
Possible secondary entry at the longer term 382 at 55ish.
ETSY rally incoming?ETSY is a great company, a nice platform for D.I.Y.ers and home creators, buyers and sellers. I have spotted some similarities in the price action with current price action and action from april of 2017, before it ran up almost 65%. although we are currently in a descending broadening wedge (a bullish pattern) so I would want to watch for a correction before breaking it, which leads me to believe we could be forming a massive inverse head and shoulders which could possibly break up to the 80 dollar area. look out for a break up out of the massive falling wedge, I'm looking for an entry at about 67, exit at 85, that is my plan, it is not financial advise!
ETSY BounceETSY has come into a resistance level at $61.3 range. It is at the moment overextended, meaning it will have to take a breather before it can actually breakout of this level. There is also decreasing volume on its upward movement, showing that it is running out of steam. I think it will pullback to its moving averages around the $56 level
Etsy short squeeze potential,$etsyGiven the market conditions, the afterhours 12% gain is highly significant, but has been halted by the Fibonacci 0.5 level. The company is stay at home benefactor and not as dependent on mass production, so a little more immune to consumers staying indoors.
Short squeeze potential 13.28%
Earnings Surprise
earnings of $0.25 per share, beating Consensus Estimate of $0.17 per share.
Etsy on alert for better times $etsy
Alert set for break above $57.50 for possible long , dependant on market stability
P/E ratio 81
Short interest 13.46%
Company Profile
Etsy (NASDAQ:ETSY) rallies after topping Q4 estimates and setting full-year revenue guidance ahead of expectations.
Etsy sees FY20 revenue of $1.04B to $1.06B vs. $1.02B consensus and FY20 GMS of between $6.2B and $6.4B.
During Q4, the online retailer topped revenue expectations for both the marketplace and services businesses. Etsy ended the quarter with 46.4B active buyers (+17.5% Y/Y) and 2.70M active sellers (+27.6%).
ETSY +10.48% AH to $56.00.
