Etsy, Inc.Long
ETSY potentially forming a broadening formation
Etsy, the popular online marketplace, has recently shown promising technical indicators that could lead to a significant upside move. A bullish MA crossover and the formation of a potential broadening pattern have caught my attention.
Etsy's price chart reveals a bullish MA cross, with the shorter-term MA surpassing the longer-term MA. This suggests a potential shift in the stock's trend and the possibility of further upward movement. Additionally, a potential broadening formation, characterized by progressively wider price swings, has emerged. This pattern indicates increased volatility.
Etsy's bullish MA cross and the potential broadening formation indicate the potential for an upside move in the stock.
Etsy's price chart reveals a bullish MA cross, with the shorter-term MA surpassing the longer-term MA. This suggests a potential shift in the stock's trend and the possibility of further upward movement. Additionally, a potential broadening formation, characterized by progressively wider price swings, has emerged. This pattern indicates increased volatility.
Etsy's bullish MA cross and the potential broadening formation indicate the potential for an upside move in the stock.
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