ETSY reversal in motion?
ETSY Daily TF
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Analysis
Etsy holding a strong support trendline with a gap to fill at 181.61. Convertible offering yesterday caused the stock to drop nearly 4% after hours. However,
ETSY was quickly bought up today and closed strong above yesterdays (6/8/2020) close. Getting close to crossing the 20d ema and looking primed to retest that downtrend resistance line. Ideally would like to see a strong push over 175 and hold for continuation. Long Term outlook is looking stronger with recent acquisition of Depop.
Targets: 181, 190+
Key Levels
Support: 162, 153.86
Resistance: 172.58, 175.50, 181
Trade Ideas
1. Shares
2. 1-2+ week out calls (atm/ otm)
------------------
Analysis
Etsy holding a strong support trendline with a gap to fill at 181.61. Convertible offering yesterday caused the stock to drop nearly 4% after hours. However,
ETSY was quickly bought up today and closed strong above yesterdays (6/8/2020) close. Getting close to crossing the 20d ema and looking primed to retest that downtrend resistance line. Ideally would like to see a strong push over 175 and hold for continuation. Long Term outlook is looking stronger with recent acquisition of Depop. Targets: 181, 190+
Key Levels
Support: 162, 153.86
Resistance: 172.58, 175.50, 181
Trade Ideas
1. Shares
2. 1-2+ week out calls (atm/ otm)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.