curtmelonopoly

#Earnings Breaks Up-Channel, Testing All-Time Highs #Premarket

NASDAQ:ETSY   ETSY INC
Technicals:
1. Currently trading at 24.53 in premarket, up 16.64%
2. Green arrows show tests at the 200 and 20 MA's, with each one coinciding with pivots off conventional lines of support/resistance (red-dotted lines)
3. Orange lines point to pivots off an up-channel option, also using lines of support/resistance as pivot points
4. After reporting strong earnings , price has broken out of its up-channel on significant price action and has established a new continuation over diagonal resistance
5. All-time highs are at 24.69, as of writing

Fundamentals:
Earnings - https://finance.yahoo.com/video/etsy-ceo-q4-beat-shows-113300115.html?.tsrc=rss


For the complete technical analysis on this swing trading set-up, including full price extensions and bullish / bearish targets, click here: https://compoundtrading.com/swing-tradin...
I Trade Fear
Creator of EPIC v3 Oil Trading Algorithm
Founder of Compound Trading Group
Student of Creator’s Quantum Love Playground
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