ETSY attempted to break below trendline support twice in the last 2 days but each time closing off the lows with long wicks at the bottom. Today it opened right at the trendline and proceeded higher with a bullish divergence between price and RSI.
Long as it breaks above yesterday's candle high @ 126 with initial stop just below yesterday's low at 113.4 I'll be moving the stop loss to 119 as soon as we have another bullish daily candle.
Looking to take partial profits around 140 and with trailing stops for the rest.
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.
Long as it breaks above yesterday's candle high @ 126 with initial stop just below yesterday's low at 113.4 I'll be moving the stop loss to 119 as soon as we have another bullish daily candle.
Looking to take partial profits around 140 and with trailing stops for the rest.
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.