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jacobosiason7

Falling Wedge- Bullish

Long
Chewy, Inc. (NYSE:CHWY)  
jacobosiason7 Updated   
NYSE:CHWY   Chewy, Inc.
Trend Analysis Chart Patterns Technical Indicators gap_fill support_and_resistance supply_and_demand head_and_shoulders falling_wedge reclaim buyer Bullish Patterns breakout
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trendanalysis chartpattern indicator gap_fill support_and_resistance supply_and_demand head_and_shoulders falling_wedge reclaim buyer bullish breakout
CHWY really catching eye here, big falling wedge on the daily timeframe and finally starting to break out of a long downtrend it has been holding for quite some time. Bullish and will be looking for a breakout from this wedge- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime

- Reclaimed the 50-day EMA and seemingly looks like it will reclaim the 100 and 200-day EMA's as well
- EMA's all starting to curl upwards as well
- Gap fill on the upside
- Buyer volume picking back up relative to seller volume - Finally not hovering in oversold territory
- Inverse head and shoulders formed on shorter timeframes (Not Pictured)

PT1- $75.89
PT2- $77.94
PT3- $79.38
PT4- $80.53 + Gap Fill

Comment:
PT1 Reached ✅
Comment:
All Price Targets Reached ✅
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