ETSY DD: She down but not out, not by a long shot

by leobanksjr

Some of you know me by now, other just have to look at my history. Point is TA works. ETSY (along with PINS) are the next social commerce sites looking for 15%+ move. I’ll fluff up the DD later (at work) with some Fundamentals, but the chart is the important part. Giving everyone heads up before market closes if you want to position yourselves.

30 min Chart

4Hr Chart

MAJOR 4HR support/resistance: $130/$155

Profit target: $158

Lower BB and Stoch below 20 tells me on the 4Hr she slowing and soon reverse, she can still go down tomorrow but not by much, especially with earnings run-up around the corner.

Positioning will be tomorrow, already topped out for today, see below:

preview.redd.it/fyyqk2o9phu51.png?width=2453&format=png&auto=webp&s=b437c64b2e76086e0d9e7c45bf59baee7f226ca1

Earnings Oct 28

Will expand on DD more later, at work but for those that wondering yeah run up going hard starting Friday. In the meantime the tools I use:

  1. TradingView for the best charts
  2. Stock fetcher for the best TA screener
  3. Stock rover for the best fundamentals and qualitative screener.
  4. Use your mainstream brokerage like TD Ameritrade or Etrade for Analysts Research or just subscribe to TipRanks

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.