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...
If you haven shorted ETSY here:
Looking at the ETSY options chain today, i would buy the $60 puts with
2022-11-18 expiration date for about
$3.35 premium.
Looking forward to read your opinion about it.
Etsy - Short Term - We look to Buy at 229.00 (stop at 206.00)
Previous resistance, now becomes support at 229.00. There is ample scope for a move higher from this important support. Trend line support is located at 220.00. Further upside is expected and we look to set longs in early trade. Buying continued from the 61.8% pullback level of 211.41. This move is...
Etsy is an e-commerce marketplace for handcrafted and vintage goods.
It connects buyers with millions of creative sellers, helping them find the types of specialized or even personalized items that can't be mass-produced by big-box retailers. Moreover, Etsy has something for everyone, as its diverse inventory ranges from home furnishings and décor to apparel and...
Etsy.... strong surge off support line from 160-170 ranges with a strong 30+ point breakout from June lows. Retraced perfectly to .618 (180) and bounce on the retest of downtrend break. 200 -> 208 -> 220 -> new highs.... If u missed the reversal on first post here it is again.
