3E2 trade ideas
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
Clear Pennant FormingFollowing the pattern definition, we should see momentum continue (+ $15-$20) after the pattern completes. With only 30 days till ER, this price looks to be a nice entry.
www.investopedia.com
$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 $ETSY coiled with RSI back to 50 lineEtsy coiled back and looks ready for another trend continuation move higher
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
Break out with SUFFICIENT VOL. LONG ETSYGreat trend upwards.
Significant vol. that shows this trend is maintaining.
Momentum is beautiful.
LONG IT
ETSY: Ending Diagonal to complete wave 1. Big Gap below begging In line with the general market wave 2 pullback, this might be a good short candidate.
$etsy H&S, Part 2 Declining volume, bear divs, ATH resistance.NASDAQ:ETSY
Ignore that purple line, I didn't see it there when I posted the chart.
Title says it all.
Declining volume,
Bear divs,
Overextended,
Head and shoulders,
Nasdaq stretched overbought for the past few days.
One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target is lower than last time.
Short the red area, cover in the green.
Sidenote, Nasdaq looks to be rejecting from the 0.5 fib retracement from the all time high to the bottom. Should be significant pullback soon.
Short $ETSY swing play $55 to $46ish area. This play and the reasoning should be pretty self explanatory, zoomed the chart out so you can see how far back I look before taking a trade. The play is from the Red sell rectangle to the Green support rectangle, and start looking to abort the trade at new highs with high volume and/or any random bullish news. Looks like it's at resistance and almost all the oscillators are overextended on the daily timeframe, with VFI clearly moving downward. If this play works out the way I'm thinking I'd be looking to short the next bounce.
