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brennanman007

Strong Stock With Retracement, Support, and Bullish Divergence

Long
Chewy, Inc. (NYSE:CHWY)  
brennanman007  
NYSE:CHWY   Chewy, Inc.
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
CHWY is a strong stock at a level of horizontal support. It is breaking its counter trendline resistance. It has bullish divergence between price action and the CSI(10) oscillator on the hourly chart. I am using the next level of support as a stop loss and measured moves from my take profit, which are congruent with historical resistance price levels.
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