ETSY trade ideas
CGC 1D Possible Bearish PatternLooks like a possible pattern.
1. "Bearish Golden CROSS" - 50 MA Crossed Down 150 MA. Very Bearish sign. We are officially on downtrend
2. We are at strong Fibonacci support level but looks like most likely support will be broken.
3. All indicators Oversold.
If support will hold and not be broken than CGC will bounce up and go to target 1 - around $60 or even target 2 - around $70.
but Most likely support will not hold and if support will be broken than CGC going down to around $42-$38
ETSY NEAR TERM 70Expect ETSY to cross over $70 mark within next 15-20 trading days and possibly break out up to $80 but the latter is speculation.
Tuesday will be opening 10 June 21 $70 Calls & 5 June 21 $75 Calls.
At very least with $70 calls would expect call price to increase by $1.75 within 3 weeks.
ETSY: Side Hustle Cottage Industry Cash CowI've been watching ETSY for a while and they're a solid company with a solid cashflow and have very satisfied customers and vendors and Etsy gets to provide a low overhead marketplace for the two participants to do business with each other. They didn't rise much during last week's rally which tells me that this week is now their time to shine for the alpha seeking investor. Volume is starting to rise, but I think there's time left to get in on this trend before the rest of the market notices, too.
For the technicals, price is above all the key moving averages and banging up against the top of the upper Bollinger band. Moving averages also show a good trend of the intermediate term average being above the longer term with a short term pull back breaking out in a bullish direction. MACD is showing a trend reversal by going positive with the bullish divergence only having picked up speed in the last few days. ADX shows that a strong trend has yet to set in, but DI+ crossing over and holding above DI- shows that the trend forming has legs. 14 day price relative strength is rising but has some room to go before hitting overbought territory. The quarterly rate of change is breaking above its two week average and moving in a direction to break positive.
I'm hoping to find myself happy with this company that's making money, exceeding analysts expectations, and leaving both customers and vendors happy.
ETSY Poised to test 74 Breakout ZoneETSY has been consolidating within a standard box pattern for the past several weeks, and has broken out of its initial trend line resistance, ready to test the upper region of the box at 73.50-74. Whether or not it breaks from there remains to be seen, but a test of 74 would yield 3+ points per share. Not a bad return.
$ETSY Long entry into earnings, Etsy thrives despite Amazon.Investors love it, analysts love it, sellers love it and customer love they unique products and approach. Etsy is not trying to, or ever will try to, compete with Amazon, thats what probably makes it such a great company with great ethics and products. They emphasis is on quality of product and providing a marketplace for unique products at reasonable prices, fair to the customer and seller. Growth has been amazing and will continue as customers yearn for that something special.
Company Description
Etsy, Inc. engages in the management of an online marketplace. It operates a technology platform which allows sellers to manage and scale their business. The company offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments
$ETSY proves AMZN cant kill everyone's business
ETSY is quite the opposite of Amazon, it prides its self on the craft industry and unique products from small producers. Sustainable small cottage industry manufacturers can have a global shopfront, which is not driven by price and discounts. Etsy has plenty of room to grow by ethical means. We await a breakout about from current formation to confirm a buy with a 35-45% upside potential.
ETSY Entering BEASTMODE LONG ETSYEtsy earning smashed expectations in a time where retail had an awful Q4. Q1 looking sour for retail as well but this is a strong company with no real competitor so as long as the market is pumping I think ETSY is going to outperform. Weekly chart shows price breakout, DI+- breakouts, ADX turning up, and RSI flexing. GL