axelroark

ETSY Poised to test 74 Breakout Zone

Long
NASDAQ:ETSY   Etsy, Inc.
ETSY 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.

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