CHWY looks promising. Let's wait for the price to retest the resistance line and enter the short position. Our estimated target is 37.73$ Entry and stop loss are indicated on the chart. Good luck!
watch for a gap fill around 30 which is also a trend line support, which should provide good R/R entry...
CHWY is oversold at 33.60. After several quarters of earnings beats and lots of analysts upgrades it has gotten caught up in the recent fears of a pullback in the overall market and is overdone. if it drops below 33.56 and recovers, it can be considered a FBD (fake break down) and will be ready to run, IMHO. RSI and other indicators deeply oversold, and 33.56...
High volume pole with decreasing pullback volume with last bar having increase in bull volume
NYSE:CHWY If the price of CHWY breaks above the bullish line of $40.78, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $43.72. Conversely, if the price of CHWY breaks below the bearish line of $34.87, it may suggest a bearish signal, implying potential downward price movement. In...
That gap?!?! On a M chart. Wow I'm about it. And the daily 100/200 sma support the move? I'm in bullish. Consider doing the same
CHWY inside day breakout tomorrow. Has plenty of room to the top or bottom. Would like to see it test $45 area of resistance again but will trade tomorrow based on its break of the inside bar
If you haven`t bought CHWY here: or sold it here: then Analyzing the options chain of CHWY Chewy prior to the earnings report this week, I would consider purchasing the $29.5 strike price Puts with an expiration date of 2023-6-2, for a premium of approximately $1.29 If these options prove to be profitable prior to the earnings release, I would sell at least...
CHWY recently saw a bounce from trend support and blue support zone, very bullish sign anytime there's cluster support. break of local trend resistance/34.6 and we should see a rally to 38-45 targets boost and follow for more! thanks
Chwy could spike a bit into earnings. MACD and RSI reversing higher. My own opinions, not financial advice
MID-TERM: Bullish cypher, 200 MA bounce, upsloping channel. (not financial advice)
Enter: 40.84 Take Profit: 43.89 (7.47%) Stop Loss: 38.06
Pricing crossed 60 VMA and 200 DMA in recent rally. +++ 3D chart looks much better with price right on the volume shelf. ++ Recent volume could be better; suggests another pullback is possible -- Takeaway: Seems to building phase2 nicely. breakout should happen soon. Keep this on your watchlist and your portfolio for the long term.
The PEAD projected a Bullish outlook for $CHWY after a Negative over reaction following its earnings release placing the stock in drift C.
If you haven`t bought the all time low: Then you should know that looking at the CHWY Chewy options chain ahead of earnings , i would buy the $43.5 strike price Puts with 2022-12-9 expiration date for about $2.46 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Whats The Plan/Trade/Thought For the Month of Dec, I am looking to avoid the week of the 15 Dec, where there will probably be wilder price movement due to the Dec Fed rate hike. This is probably the start of the turning point and my strategy doesn't generally do well at turning points. I have no idea how the crowds will intemperate whatever news comes up. While...