Mr A
2022-10-23

$Etsy(ETSY)$based on the chart, price has recently tested R1 level (101.29) and complete the retracement back to S1 level (94.17). Upcoming expect to see price to test S2 level and going toward the trend line (white). as of now I would not expect seeing price exceeding the trend line. Would you buy, wait or observe? 

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Comments

  • pixiezz
    2022-10-23
    pixiezz
    Going to see ETSY test new lows over the next 6 months. Recession is here folks and online retailers like this will suffer as a result. Consumer spend going to drop like a brick
    • Mr A: 
      Yes i do agree with you as the trendline channel drawn is going downward forming lower low.
  • cheerzy
    2022-10-23
    cheerzy
    Etsy is going Big !! 500 million spend on marketing which means company has strong position and expanding.
  • nimbly
    2022-10-23
    nimbly
    The homemade doily market just isn't what it used to be, eh, ETSY ?
  • moliya
    2022-11-04
    moliya
    k k k
  • Ignatius Teo
    2022-10-25
    Ignatius Teo
    Awesome
  • StevieLim
    2022-10-24
    StevieLim
    k
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