ETSY a company that is in the business of online shopping and promoting small business (2 great winners during COVID) recently sold off a mild amount. The recent sell-off is one that I believe to be weak and buyers will be able to take this thing to 115 amidst strong market conditions. Those conditions being that the NASDAQ holds key price levels and remains...
Alibaba is a strong name with a major presence in the e-commerce space headquartered in China. Solid company with strong cash flows, and currently trading at a 19.6 P/E, and on the fundamental side it wouldn't be unrealistic to see them trade at a 25 P/E (conservative to the 5yr avg) given guidance EPS growth into the future. On the daily time frame, we see BABA...
XLE made a low of $22.89 on March 18, 2020, which is the lowest it has been since 2002. We saw higher highs and higher lows while trading below some previous support around the $26.90-$27.00 has tested the $26.80 numerous times and failed to break the previous support range. The recent gap up and test of the $26.80s again has proven that the XLE has some legs in...
