takemoreprofits

Stochastic Divergence Channel Line Bounce

Long
takemoreprofits Updated   
NASDAQ:ETSY   Etsy, Inc.
Stochastic divergence in a channel. I'm playing this one a little conservatively as it looks to be forming a rising wedge. There is still room to move up, but keep an eye on any reversal signals after you enter the trade. I'm confident in the move up and really like the reversal candle on 10/5 right on the trend line.

Buy: 17.00
Stop: 16.70
Target: 17.50 - 18.50
Order cancelled
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