ETSY (DAILY TIME FRAME) GENERAL ANALYSIS
Despite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.
Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down is a red flag of the weakness on the buy side of ETSY. I would stay away from any immediate rallies up until the price exceeds $192 or closes above the mean. After the price gap down this does look like an opportunity to buy but I would caution against blindly buying the dip as ETSY can shed a lot of dollars should it break its support of $153.50
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down is a red flag of the weakness on the buy side of ETSY. I would stay away from any immediate rallies up until the price exceeds $192 or closes above the mean. After the price gap down this does look like an opportunity to buy but I would caution against blindly buying the dip as ETSY can shed a lot of dollars should it break its support of $153.50
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.