IamNomad

$etsy cup and handle study

IamNomad מעודכן   
NASDAQ:ETSY   Etsy, Inc.
6
someone asked me to take a look at $etsy . i hold very few stocks and generally dont trade retail stocks and may not actually take this trade

9 month accumulation in demand area.and break out



factors
  • Nasdaq made lifetime highs today
  • etsy has a suprise earning where the made more then expect per share -.03 vs -.06
  • 3d stoch is high , try to cross down.
  • about 80 cents from supply area.


dis-qualifiers
nasdaq as an index remains bullish , causing etsy to rise through demand area.

possible recommendations
sell ~15.2 , if earning suprise shock wheres off and nasdaq doesn remain bull
buy ~12.5 if measured pullback happens and index doesnt look to have bearish moment


הערה:
the handle is forming here quite nicely
הערה:
still on track. nasdaq is tanking today due to $AAPL sell off.
הערה:
first target hit
הערה:
ive held this position until this week..

if you took the trade as indicated above, you realized a 50% again
this position never met my criteria to take profit so i realize a 262% again

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