Jlov

Etsy rounding top

Short
NASDAQ:ETSY   Etsy, Inc.
Technically we have a rounding top resting on 126 support. ER is coming up next week so we have two options here. Either we break support now and keep falling with ER or we have a nice relief bounce coming into earnings . Now, estimates show 620ish million in revenue for ETSY . No way. Their rev has been dropping ever since Q4 2020, with analysts estimating lower every quarter. I bet they post 500ish million in revenue and gap down. Again, this is all just guessing, I am using past trends to determine future value. I have no way to know if this is at all correct.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.