benedekdomotor

The next few days will be interesting

NASDAQ:ETSY   Etsy, Inc.
You have to put ETSY on your watchlist for the next few days if you haven't already.
We are currently trading at a really strong support level if it bounces back, then there is great upside potential (~20%) with a price target: 142.55
In the other case: short it, but first, wait for confirmation. The price target is 99.81
I am not coming from the future nor am I fortune-teller, so I have no idea what is gonna happen.
All I can do for you is: collect the signals for the upside/ downside.
Upside:
>strong support level
>Uptrending since Mar.
> EMA 20 is above EMA 50
Downside:
>Elliott Impulse Wave completed
>Stock is tanking while S&P and other indexes are skyrocketing.

If you like my analysis, feel free to like my Idea and follow my account
Penafian

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