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NQ_Handles
May 23, 2023 2:50 PM

$ETSY Swing Trade Long

Etsy, Inc.NASDAQ

Description

Etsy is at the early stages of a failed breakdown and is showing bullish divergence. A close above $98.11 will confirm this and will mark a great entry. Given the low cost of option calls for next month I entered a few $120 strike for $0.15. Looking forward to this trade. Low risk, high reward.
Comments
limingzhi
is this going to work out?
NQ_Handles
@limingzhi, it is possible. I was early. Confirmation is still a close and hold above 98.11 for me to get long.
paisakkaran
Still bullish ?
NQ_Handles
@paisakkaran, This was a lotto play and purely speculation. I exited.
paisakkaran
@J_LiveFreeOrDie, Thanks for response.
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