$etsy cup and handle study

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

Kommentera:

the handle is forming here quite nicely

Kommentera:

still on track. nasdaq is tanking today due to $AAPL sell off.

Kommentera:

first target hit

Kommentera:

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