3E2 trade ideas
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.
Etsy TradeMapped out key lines of support and resistance. and ER is coming up thursday, Will be checking IV in the morning and see if there is a possible Lotto play to go here. For now, I am looking at the play below
Calls over $56, puts under $53.
ETSY confirms cup and handle breakout?If this plays out the way I think it will. I'll be looking at the resistance levels and targets marked for pullbacks or S&R flips (support and resistance flips). So far, my cup and handle theory looks to be holding. If it doesn't hold, I'd be looking to retest the neckline of the cup and handle breakout for support. if that breaks, well hopefully the support on the VPVR will hold.
Etsy reversal to continue $etsy
As earnings approach the stock has rallied as optimism gathers for a good festive season for etsy.
Looking for a long at approx $54.00
Upside target $59.00
Dropping 200 day moving average possible resistance.
ETSY breakout?If ETSY has in fact broken out of what I suspect to be a cup and handle formation, then I would say 63.92 is in the cards for it's stock price. It recently closed it's most recent gap and we are heading towards earnings come the 26th of Feb 2020. I will be keeping an eye on this. I am a little concerned about the bearish crosses of the EMA's, but it looks likely to cross back over towards the upside shortly. I am anticipating upward momentum, as they have beat earnings expectations multiple times in the past.
