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ChristopherCarrollSmith

Chewy downward triangle breakout, at high volume support

Chewy, Inc. (NYSE:CHWY)  
ChristopherCarrollSmith  
NYSE:CHWY   Chewy, Inc.
Triangle Fundamental Analysis retail Stocks IPO
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triangle fundamental retail stocks ipo
Chewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support and fall further.
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