mikebuysstocks

BUY CHGG DIP

Long
NYSE:CHGG   Chegg, Inc.
chgg will soon be a buy around 68$ for multiple reasons 1. The chart obviously. should see a completion of the retrace to the 38.2 after starting it and then rejecting to get back over it. Puts are an option until then but after 68 target will be around 100$. 2. the markets hopes for a covid vaccine in no way line up with the timeline that actual smart people are suggesting therefore online learning can persist well into the end of 2020 and into 2021. There is doubts that we can have a vaccine even by the start of next year, and on every college campus covid cases are spiking so chgg the best (maybe idk) virtual learning tool will continue to rack up growth. 3 the media has been very negative toward chgg so we are getting this on a discount where all the institutional WS crooks have driven the price down so they can load up again

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