TradingView
takemoreprofits
Oct 8, 2017 5:48 PM

Stochastic Divergence Channel Line Bounce Long

Etsy, Inc.NASDAQ

Description

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

More