Chewy Inc. is an American online retailer of pet food and other pet supplies based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $ 3.35 billion, the largest transaction in the e-commerce segment at the time. The company went public in 2019, having managed to raise $ 1 billion. Revenue $ 7.15 billion (2020). Capitalization $ 29 billion
A trade on the breakout of the support level.
1) The price approached the strong level of $ 72.6.
2) Closing of the daily candle near the level and under the very LOW.
3) There is a large power reserve at the bottom.
4) Pulling local highs to the level, they are not allowed to go up.
5) Sparse horizontal volume by level.
Goal: $ 70.2
NOT IRR.
A trade on the breakout of the support level.
1) The price approached the strong level of $ 72.6.
2) Closing of the daily candle near the level and under the very LOW.
3) There is a large power reserve at the bottom.
4) Pulling local highs to the level, they are not allowed to go up.
5) Sparse horizontal volume by level.
Goal: $ 70.2
NOT IRR.