BBTrader29

CHWY Bounce

Long
NYSE:CHWY   Chewy, Inc.
CHWY touched its previous all time low today, which is now support at the $22.5 level. End of day it bounced off that level creating a doji candle stick, signaling a change in price direction. I entered in at 22.65 and looking for a target price at the $24-24.5 level, where it will then catch up and run into moving average resistance. Looking for a 5-8% bounce.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.