$CHWY - Continuation Diamond Long

Chewy, Inc.NYSE

Description

⋅ Jun 22, 2020 2:03 AM

CHWY

UPDATE after flag proved to be extremely bullish.

Will use the upper fib level of $47.50 as next level of support and $44 below that.

We can make the argument that a continuation diamond pattern has emerged. I would set an alert to buy if it reaches $52 as the next breakout leg is pointing to $59

I remain bullish on CHWY.