jmorg33

ETSY found support after big retrace?

Long
NASDAQ:ETSY   Etsy, Inc.
ETSY:
Bullish: ETSY has been getting wrecked lately, but after retracing ~75% of the move to its ath it’s consolidating at support somewhat and is holding this long term trend line. I need to see it hold $222.99 from there I’ll be watching for it to make its move to $230 and just follow the levels up. Weekly target is $251.
Bearish: if it can’t hold $222.99 I think it sees $215 could find support around ~$221 it was resistance before the run up really.
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