CHWY 9/22/2022 Short

Chewy, Inc.NYSE

Description

⋅ Sep 22, 2022 1:29 PM

CHWY

Looking soft.

CHWY in existing downtrend under 200.
What looks like a Double top formed with a neckline support at 37.00
The neckline was broken, and price has pulled back to it. Price will look to continue downtrend.

Entry: 33.10
Stop loss: 39.45
Target: 23.15, +29.36%, 1.44 RR ratio

Trade active

⋅ Nov 9, 2022 5:24 PM

Trend Analysis Double Top or Bottom