Etsy Inc. (ETSY) has been one of the biggest success stories since the pandemic, but it's facing some bearishness as of late like most stocks.
The key here is for the stock to regain the 20-day simple moving average along with the 50sma, noted by the gray bubble.
It appears bearish right now, but if you look back to where the gold arrow is pointing, this may just be another bump in the road.
Still, I'd wait for a higher high before going long.
-Corey
(Disclosure: I hold no position in ETSY.)
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