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DarioTrades
Mar 21, 2021 9:56 PM

$CHWY long idea Long

Chewy, Inc.NYSE

Description

CHWY retraced to golden pocket after last movement upward, retested S/D area twice rejecting it making me think that the uptrend is not over. Weekly chart looks even better. I like entry here for a swing and I will average down if we go lower. Daily close below 72 invalidates the idea. For options, buy at least two month expiration.

Trade active

entered swings options for May.

Comment

will likely add a bit more after earnings gap fills
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