25 Jan Etsy fall back to support line, should we buy now?
Etsy fall back to support line, should we buy now?
These days we will see, that Etsy falls back to the support line and start to rise again.
The support line is 196.00-197.00 and I will not be surprised if the price test that levels within a few days.
Let’s see what happens this week. I am ready to go long if my indicators agree.
There are two scenarios:
1. The Etsy Stock price will fall back to Support line 1, at price level 199.00-201.00. Then the price will test the support line 1.
2. The Etsy Stock price will break through Support line 1, and drop further to Support line 2, at price level 186.00-188.00.
Both scenarios are shown below on two charts.
Etsy fall back to support line, should we buy now? scenario 1
Etsy fall back to support line, should we buy now? scenario 2
An exciting week we are entering, as the support lines might be tested during 2021, January 25. – January 29.
Se what happened the last time, where Etsy Stock Etsy tested support line, read the articles here
Have you visited Etsy recently? What Is Etsy?
Etsy has become a worldwide online marketplace where sellers can connect with buyers. Sellers on Etsy typically offers a variety of handmade goods.
Examples of products sold on Etsy can be:
Crafts and crafting supplies
Handmade personal care items
A lot of sellers sell digitally downloadable products, like drawings, art prints, stationery designs, planners, or other printable documents.
Also, a lot of Vintage items are sold on Etsy. To sell Vintage stuff on Etsy, the products must be minimum 20 years old to qualify.
To give an example of Vintage stuff being sold on Etsy, I can mention costumes, accessories, old books, clothing, jewelry, photos, housewares, old video games, magazines, and toys etc.