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MT-Macro

ETSY could provide an upside swing from a potential bull flag

Long
Etsy, Inc. (NASDAQ:ETSY)  
MT-Macro Updated   
NASDAQ:ETSY   Etsy, Inc.
Chart Patterns Technical Indicators Fundamental Analysis ETSY ecommerce Stocks buy bullflags
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chartpattern indicator fundamental etsy ecommerce stocks buy bullflags
ETSY seems to be forming a bullish flag on the 4H time horizon. The company saw a huge run toward the end of 2020, and has recently sold off amongst the broader market. Now that we are in another bullish tape, ETSY looks ripe for a rebound and a test of former highs. Fundamentally, the ecommerce business should continue to see buying in the current growth + inflationary environment.
Trade closed: target reached:
We'll take some nice profits up here.
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