There may be a rebound for a day or two (RSI is oversold, should bounce for a bit) but considering the support lines and a possible H&S forming, later on, these targets are the most probable outcome. After all, Covid is over and people are spending less time shopping online and will redirect their money to the travel and service sector. So it's just a matter of time for ETSY to go back where it was pre-Covid. Saw what happened to Netflix? It's coming here. Stay cautious and let's see!
Yorum:
No one likes to short stocks but I don't decide where this goes. I'm just sharing my observations and they're not always right because this is a giant casino for god's sakes. So don't hate on me for saying what I see on the chart.
