Chegg, Inc.
Long

$CHGG high risk / high reward opportunity

188
CHGG has been working to carve a bottom for many months now. With a restructuring of the business to

  • earn cash from legacy business
  • use cash to fund new growth business
  • cut costs


Management is taking an active hand to steer the company towards profitability.

Shares are cheap. They were $1.50 as recently as October just months ago, and now trade below $1. Lower time frames indicate a bullish divergence may be building.

Longer time frames illustrate an opportunity to earn multiples on your investment.

I've been building a position with 1/15 2027 call options. This way there is time to let the turnaround story develop (or not lol), and my financial commitment isn't large.

The stock price has been volatile, so I've been buying during big dip days. Breakout or breakdown is imminent. Make a decision!

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.