ETSY looks set for a run heading into the holiday season, like it's done the last few years. Here's why I like ETSY long, at least in the short-term heading into the New Year:
- Falling wedge breakout on the daily chart - Rising volume on breakout moves - Healthy consolidation above breakout - Continuation with volume - Gaps above (magnet) - Large Volume Shelf at $64 area (magnet)
Let me know what you think! Full disclosure: I am positioned long. Plan to sell around $62-64