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.
Q1 earnings:
Revenue $579.3Mil vs $575.6Mil estimate
ADJ. EPS: $0.60 in line with 0.60 expected
Forecast Q2 revenue $540 - 590Mil vs $628Mil estimate
EDJ EBITDA 25% vs 26.5% estimate
My price target is $77.
Looking forward to read your opinion about it.
Etsy
Short Term - We look to Sell at 112.96 (stop at 122.95)
Posted a Bearish Outside candle on the Daily chart. We look for losses to be extended today. Our short term bias remains negative. A Fibonacci confluence area is located at 89.40. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 89.34 and 71.20...
This stock also has created a “Bull Trap”, which could be a catalyst for a quick collapse in price.
Penetration below the low of last week’s inside bar, will very likely open up a major move to the downside.
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 has a little price-drop to $198. There is a bearish RSI divergence on the 4H chart, so we should go even lower.
Entry levels LONG:
$198 - only for the brave
$182
$167
$144 - ALL IN
ATTENTION ‼️
ETSY with a huge monthly Reversal Candle.
Etsy is a Top Growth Company and its performance of the last month is insane (roughly 300% from March Low). But it might be time for a correction.
--> Bullish Target Zone at 96 USD
--> Bearish Target Zone at 73 USD
iSqore: 7️⃣0️⃣.55
Profit: B
Growth: A-
Value: C-
Health: B-
First off, please don't take anything I say seriously. As always, this is on opinion basis, and not financial advice. That being said, let me get into a few key points I want to make. Right now Etsy seems bullish and many analyst are giving it buy and hold ratings. I believe for a quick profit turn over with mitigated risk for day traders, a $70 short target...
