$ETSY - Could be heading towards prior supportNASDAQ:ETSY Looking like it can get to $74 - $70 area which could be interesting area to play the bounce. $70 area had previously provided support. Watching for now.
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About Etsy, Inc
Sector
Retail Trade
Industry
Internet Retail
CEO
Joshua G. Silverman
Website
etsy.com
Headquarters
New York
Employees
2.79K
Founded
2005
ISIN
US29786A1060
Etsy, Inc. engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments: Etsy, Reverb, Depop, and Elo7. The company was founded in 2005 and is headquartered in New York, NY.
$ETSY Swing TradeEtsy is at the early stages of a failed breakdown and is showing bullish divergence. A close above $98.11 will confirm this and will mark a great entry. Given the low cost of option calls for next month I entered a few $120 strike for $0.15. Looking forward to this trade. Low risk, high reward.
bearish on etsy?bearish on Etsy?
High growth tech under pressure, purely based on technicals this is heading to 100 or somewhere in that range.
Tactic: Invest at first profitable quarter. Case study: ETSYTactic: Invest at first profitable quarter and hold.
Case study: ETSY pre-covid chart. Post covid high of like $300 is too silly to show.
Note:
#1. Apr'15. IPO madness of $32 died down to $8 after about 6 months.
#2. Mar'16First profitable quarter at $8, then profitability backslid but that was th
ETSY Stock Chart Fibonacci Analysis 050923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 94/61.80%
ETSY - Can Bulls Hang On?We broke beneath the long-term support line a few weeks ago (barely), and for the first time ever for the stock, our key MAs have crossed bearish on the monthly. That's 2 strikes against this one... Next key support is $30-$40 range, meaning another 50% down from here.
CypherEarnings 5-3-23 AMC.
Cypher noted for now unless the 4th leg goes much further to the downside. The 4th leg is dashed as I am not sure it is complete.
Peak 2 is higher than peak 1. Leg 2 completed at the .618 of the first leg up. It is an M pattern.
This is not a long entry level although there
ETSY - UpdateYellow count is primary with blue just behind... white has almost left the building but is still holding passes for divergences to arise. Daily bearish engulfing spells trouble and if a new low is found... don't fight the trend. GLTA!
Won't holdWe have a double top within another double top. This is very bearish, if price bounces off the weak support to test the resistance again I would add to my short position.
MOMO to $116?$ETSY really setting up here and can fly.
I think $SPY can hit 410 before cooling and in that move $ESTY can move a bit harder and hit a nice price.
Good luck
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
