ETSY

Today's stock du joir.
They had great report btw, but its pricey. That said, I'm looking to take it long. All this money people have pulled out for Corona will be looking for a play. I want a pullback at the bell, might not get one though. Tempted to jump in now, but I really think it'll drop. I want $55.80 for the fill.
 
Talk about a classic H&S... this is a three year, daily view.

If it can get above $60, its gonna keep going. But right now, even with that great report... I dunno. If $52.50 is breached again, it could freefall to $47.50ish before it starts a slow climb back up. I'm changing my tune for now... I'm gonna wait for a short entry.


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Edit: Tough call on this one. The H&S played out in November now that I look at it closer. Hmmm.
 

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I'm done, but I think this thing is gonna be a short trap today, next week though, its gonna be much lower. Its a safe short if you want to risk watching it perhaps going higher today. It may not get much higher today though. Not with the S&P down this much. Anything north of $61 would be decent entry if the market reverses and this thing plays out like I think it will. It'll drop next week for sure.
 
vanzandt said:
I'm done, but I think this thing is gonna be a short trap today, next week though, its gonna be much lower. Its a safe short if you want to risk watching it perhaps going higher today. It may not get much higher today though. Not with the S&P down this much. Anything north of $61 would be decent entry if the market reverses and this thing plays out like I think it will. It'll drop next week for sure.
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Well it played out as expected, it almost hit $60. I actually had an order rested at $60.29, oh well. Its heading back down now. $56.80. I missed a good one there.
 
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