PETCO (WOOF) Fractal into Target

On the higher timeframes, WOOF has consolidated above all major moving averages, signaling a reversal from its long-term downtrend. It has also established support along trend lines. From a fundamental perspective, the impact of store closures appears fully priced in, and these closures should improve net profit by eliminating underperforming locations. Combined with the onset of a new market cycle, this positions WOOF for potential upside momentum.

With both the technical and fundamental factors aligned, the current short-term fractal fits neatly into broader trading patterns, pointing toward a near-term target in the $5.10–$5.20 range.