Chewy has been consolidating since its fall from highs. Market has given 3 chances to buy at around 79 , there is huge selling at 87 level. But with earning coming up and divergence on rsi thing chewy will run soon.
Purely technical analysis
Trade at your own risk ideas are only for entertainment
Best strategy to deploy- a put butterly near 79 level , la put credit spread , long call around 78 79.
Purely technical analysis
Trade at your own risk ideas are only for entertainment
Best strategy to deploy- a put butterly near 79 level , la put credit spread , long call around 78 79.
Comment:
increased in price from the date posted. Power of technical analysis.