ETSY could provide an upside swing from a potential bull flag

Lång

Etsy, Inc. (NASDAQ:ETSY)

Uppdaterad

NASDAQ:ETSY Etsy, Inc.

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 stängt: målet nått:

We'll take some nice profits up here.

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