Etsy: Time to Buy? We look to Buy at 229.00 (stop at 206.00)
Etsy - Short Term - We look to Buy at 229.00 (stop at 206.00)
Previous resistance, now becomes support at 229.00. There is ample scope for a move higher from this important support. Trend line support is located at 220.00. Further upside is expected and we look to set longs in early trade. Buying continued from the 61.8% pullback level of 211.41. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will be 289.00 and 305.00
Resistance:250.00 / 300.00 / 350.00
Support:229.00 / 220.00 / 200.00
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