letslearn

CHGG tough but not impossible

Long
NYSE:CHGG   Chegg, Inc.
If you have seen my previous posts, then you k now the drill Monthly in Red, weeekly in Blue and Pink for short term

CHGG has dropped like a rock but then 78.6% Monthly fib level did become magnet, never ever it has closed monthly below 78.6% I know we are left with few more days this month but I doubt that it will close below red line. Now with that assumption we have a ABC pattern short term and the target you can see 100% or little more than that around 32+ but eventually if I am right then I will see this at weekly 23% level at around 40. My opinion, spend some time yourself in the chart, do not listen to anybody, do your DD. If I am helpful then great. Good luck.

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.