Props to Your Girlfriend for Selling That Quilted, Hemp Flag on Etsy

After a seemingly out-of-nowhere earnings spike to kick off August, following after quarters on end of disaster since its 2015 IPO, ETSY is suddenly acting very well from a technical perspective. 

On the daily chart, below, multi-day buy volume surge which occurred after earnings is impressive because it shows that the earnings move was not necessarily a one-off event but rather led to several days of successive heavy buying. 

Furthermore, the price has given very little of the rally back, if at all. And so the technical pattern, highlighted in light blue, is referred to as a "bull flag" which implies continuation of the bull move. 

The nature of the bull flag is, well, attractive enough to be sold on ETSY itself perhaps, quilted or made with hemp, I suppose.

Note the "high and tight" action of the flag, again implying that demand is sufficient up here even after such a rapid and explosive move higher. In other words, price is becoming acclimated in an impressive manner. 

I am looking to see if this continues, especially if ETSY can now clear and hold over $14. 

With AMZN dominating the online marketplace, and WMT reaching for Jet.com, ETSY has its own little niche and may be a sleeper into the rest of 2016. 

Moreover, the action we are seeing in retail this morning, with the JCP JWN KSS Macy's rallies, could also help the cause in the near-term.