Several e-commerce companies and apparel space trading higher amid overall market strength following the senate's passage of the inflation reduction act and last weeks job numbers showing better than spected. which lifted the economic sentiment.
with that being said, $ETSY got lifted up along with the other retail stocks as the market pushed up last week. ESTY momentum slows down a bit as the market pull back today. but overall the technicals still look bullish . buyer still looking strong in longer time frame. but momentum slows down a bit.
here my price target for ETSY for TUESDAY 08/09/22.
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For calls; buy above $114.25 and sell at 116.25 or above
For puts, buy below 111.20 and sell at 108.52 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
ETSY
with that being said, $ETSY got lifted up along with the other retail stocks as the market pushed up last week. ESTY momentum slows down a bit as the market pull back today. but overall the technicals still look bullish . buyer still looking strong in longer time frame. but momentum slows down a bit.
here my price target for ETSY for TUESDAY 08/09/22.
============================================================
For calls; buy above $114.25 and sell at 116.25 or above
For puts, buy below 111.20 and sell at 108.52 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
ETSY