CHWY is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
On 3/20/2024, Chewy (CHWY) reported earnings of $0.04 per share on revenue of $2.83 billion for the fiscal fourth quarter ended January 2024. The consensus estimate was a loss of $0.05 per share on revenue of $2.81 billion.
CHWY has had its ass beat for a long time now. However, things may be turning around soon.
Pictured above is a big-ass wedge formation as well as bearish divergence on both the RSI and the MFI which indicates to me that we could be looking at a major reversal to the upside.
Despite the decline in the pet sector, Chewy has faired much better than its competitors...
Chewy looks to be at the end of a 5 impulse down. RSI on the weekly is showing a bullish divergence. I think the ABC correction will be in the works soon.
The Monthly chart also shows a bullish divergence on RSI. The higher the time frame the stronger the reversal will be on bull divs.
CHEWY Bullish Butterfly and Dragon . Entry between $15.80 to $16.50. Take profits around 29$ and 40$. Stop loss below $14.50. Approximately 15 to 1 risk to reward.
Despite delivering better-than-expected quarterly results, the online pet food and accessories retailer faces headwinds stemming from moderating pet ownership trends. While Chewy's ( NYSE:CHWY ) outlook may have dampened investor sentiment, its commitment to continued growth and market share expansion remains steadfast.
Navigating Market Volatility:
Chewy's (...
Reasons for bullish bias:
- Price has tested support
- An entry at the lower highs (LH) breakout for trend confirmation
- Bullish divergence
- Megaphone pattern
- XABCD pattern on weekly
- Earnings on 20th March, NYSE:CHWY might show good moves
Here are the recommended trading levels:
Entry Level(Buy stop): 19.27
Stop Loss Level: 15.37
Take Profit Level 1:...
NYSE:CHWY has been in the dog pound and nearing all-time lows. With a generation of single millennials adopting furry friends for some much-needed companionship, Chewy is bound to have its day in the sun (Ayyy don't kill the messenger just observation 🤣 )
At this discounted price, I'd say Chewy is a real diamond in the ruff, and it's only a matter of time before...
Chwy had been experiencing an all time low over the course of a few months - went to low, found support, had a break out at resistance, is not experiencing a pull back at previous resistance (new support range) Currently bought 245 shares at $20.79 per unit. Looks like a TEXT book pull back buy set up - have been waiting for pull back set up since mid december....
Dark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments.
NYSE:CHWY is working on a...
False breakdown with potential short squeeze.
Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Plantation, Florida. Chewy went public in 2019 with the ticker symbol CHWY on the New York Stock Exchange.
Despite Chewy A (NYSE: NYSE:CHWY ) currently being in a falling trend channel in the medium long term, there are positive signals for potential recovery. The recent break of a resistance level suggests a positive shift in the long-term trading range.
Additionally, the identified support at $17.00 provides a potential floor, indicating a level where investors...
