Juliac

ETSY - Nearing Supports!

Long
NASDAQ:ETSY   Etsy, Inc.
With confluence of supports (trendline, horizontal and fibonacci retracement) between 114-115 and a bullish divergence forming. it looks ripe to long for a rebound soon with initial stop @ 13.80. If trade goes our way I would trail stops up and look to scale out around 140, 148 and 156

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.
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.