NASDAQ:WOOF Petco Health and Wellness Company, Inc
From a trend point of view, Petco is ready to make higher highs, completing a at this rate. The general trend is still until it breaks from the . If it completes a 1.168 move higher, then I would expect a retrace from there. If the is completed sooner, it should be via a strong catalyst, being the closest one. Under IPO I expect this supply to continue on completion for a move lower.
Comment: WOOF got really volatile towards the end of the trend of the rising wedge but respected the trendlines and now finds itself trading choppy at 24 support. Thursday turned out to be very volatile with huge trading volume coming in. RSI and MACD indicating neutral to bearish swing in the coming days, so we might see come consolidations going forward.