Introduction to Volume Price Analysis + "Insiders"
Volume Price Analysis (VPA) is the study of Insider Activity in the Markets.
Who are Insiders? Insiders can be classified as a general term when studying the activity in VPA. The Insiders can be defined as the group of the most influential and largest capital investors in the market that include and are...
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
(this is just a draft, I'll upgrade this chart soon)
1) there are interesting levels tested many times (as support or resistence)
2) take away the "trump effect" of yesterday, stock move out and up
3) think about future acquisitions: ETSY is at a good price, ETSY is still a good (almost leader) marketplace for its niche, what if AMZN want to make some...
so ive been in this trade for since 8.95 (as previous posted) but haven't really been watching it too closely.
there has been buying on positive news across the board ,50d moving average break up, and confirmed consolidation break out.
my main concern on this guy is is continued negative EPS.
someone asked me to take a look at $etsy . i hold very few stocks and generally dont trade retail stocks and may not actually take this trade
9 month accumulation in demand area.and break out
factors
Nasdaq made lifetime highs today
etsy has a suprise earning where the made more then expect per share -.03 vs -.06
3d stoch is high , try to cross down.
...
ETSY broke out today. I'm not sure if I'm seeing flags or if it's because kramer said he liked ETSY the night before. Entered @ 7.00 and slept on my exit earlier in the month. Decided to exit at 8.45 today.
Earning is behind and reaction won't be great tomorrow but will provide buying opportunity with a possible target price of $18.4 next six months. This 3-week tight pattern is not that much reliable, but it indicates either the top or the bottom is very close. Real-time alerts www.2waytrading.com
