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)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.