ETSY could provide an upside swing from a potential bull flag

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 geschlossen: Ziel wurde erreicht:

We'll take some nice profits up here.