ContraryTrader

Etsy downtrend breakout

Long
NASDAQ:ETSY   Etsy, Inc.
White lines : is weekly channel dating back to March
Red lines : Uptrend channel
Yellows line: downtrend

Volume isn't much to write home about but Etsy might be in play with the news of new stimulus; Ecommerce stocks seem to love it.
Fell off after a nice xmas run but broke downtrend (Yellowline) and found support on top of it weekly channel(Whiteline).
Targets are Greenlines

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