$ETSY: Breakout Momentum Trade

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Updated: 03 March 2020

$ETSY – (Etsy Inc.) reported earnings on 26th of February and its been setting up since then. It had relative strong price action even with the market drop and currently its near the 60.00 mark. Looks like it has some sellers that could be violated on the level so watch it for a breakout. Consider a break with a gap or a pure breakout attempt with lots of volume coming in. Also watch 61.00-61.50 as next levels for sellers.

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