3E2 trade ideas
$ETSY (DAILY) - Cup Breakout$ETSY (DAILY)
Cup Breakout as on 10th Aug 2020 till 7th Oct 2020
100 day horizontal channel high broken out on 8th Oct 2020 , however red candle , await next candle for confirmation
RSI > 65
9 day EMA > 21 day EMA > 50 day MA
Volume is average
Buy above high of 144
Target Height of cup for $39 dollar move
OR
Target 2*ATR @ $13 move
ESTY Title DailyHey traders, ESTY is in a very interesting moment in its history, we can make a new hitoric high. It is in a bullish movement with a low purchase volume executed and a hammer candle is formed. On TIMEFRAME 1Min we can see a bull hammer candle that wants to take off from the VWAP. Strong possibility of joining the last precedent higher, which corresponds to half of the median.
See the 4H which and also the 15 Min level, we can try to exceed it to find new resistances.
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$ETSY - playing retail e-commerce$ETSY is an e-commerce website for handmade goods.
I'd say in a soundbite that $$FB is $PINS what $AMZN is to $ETSY.
The stock was breaking out in August, and retraced to a strong support at 100-105 during the September selloff in a bear flag .
The stock has resumed its march upwards and was up 8% in a very good day for Internet retail stocks.
$130-135-140 are all resistances, but momentum is strong with this one.
$ETSY Possible Long entry above $120
Alert set for Break above the 50ma, with the
local downtrend as resistance..
Volume on Friday was poor despite the 4% gain.
Take note of volume resistance gap on the Fixed range.
Indicators are in Bullish uptrends.
A Break above $120 could see a nice rally to $128
