CHWY looking good with it's fantastic earnings, but it faces significant resistance-selling pressure at 88-89, in recent times. On the back of this earnings, I'm optimistic and bullish that it can bust a groove and close above 90 - which would mean both destroying it's downtrend line and reform support before another leg up.
Comment:
As said.. a lot of selling pressure... not so good at the moment but the day isnt over yet.
Comment:
Not gunna lie, this movement after great earnings does not imply the best scenario:
