etsy break outso 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.
0IIW trade ideas
$etsy cup and handle studysomeone 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.
about 80 cents from supply area.
dis-qualifiers
nasdaq as an index remains bullish , causing etsy to rise through demand area.
possible recommendations
sell ~15.2 , if earning suprise shock wheres off and nasdaq doesn remain bull
buy ~12.5 if measured pullback happens and index doesnt look to have bearish moment
A 3-Week Tight Pattern (Farcasting 88% Move)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