ETSY Post-Holiday RetracementETSY made a really strong movement over the holiday season, and is currently at the upper channel resistance that I marked in an earlier post. The e-commerce sector has been booming over the holiday season, and I'm seeing some hints of a retracement that could begin as the holiday season concludes. ETSY is up 11% this week, and 50% from mid-November.
Will be interesting to see next week's price action:
Target 1: .23 retracement ~$170
Target 2: .38 retracement ~$155
Comments are appreciated.
