$etsy cup and handle studysomeone 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
