Etsy, Inc.

ETSY (waiting for a reversal)

83
Appears that its on a down cycle (rotating down with a few other similar stocks)

I am waiting for it to reach closer to its support $115 mark.

I am also watching to see the MACD cross back over to the upside and RSI to start picking up momentum. Todays activity shows a morning doji on the daily chart which may signal a reversla that can be confirmed tommorow. If that is the case, I will not enter trade. Waiting for more bullish signs and for it to reach a bottom in its present channel.

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