Reasons for bullish bias:
- Price has tested support
- An entry at the lower highs (LH) breakout for trend confirmation
- Bullish divergence
- Megaphone pattern
- XABCD pattern on weekly
- Earnings on 20th March, NYSE:CHWY might show good moves
Here are the recommended trading levels:
Entry Level(Buy stop): 19.27
Stop Loss Level: 15.37
Take Profit Level 1:...
Despite Chewy A (NYSE: NYSE:CHWY ) currently being in a falling trend channel in the medium long term, there are positive signals for potential recovery. The recent break of a resistance level suggests a positive shift in the long-term trading range.
Additionally, the identified support at $17.00 provides a potential floor, indicating a level where investors...
CHWY Chewy quarterly earnings of $0.04 per share vs Consensus Estimate of a loss of $0.12 per share. T
This represents an earnings surprise of 133.33%!!
Sales of $2.43 billion topping forecasts for $2.41 billion.
My price target is the $31 resistance for now.
Looking forward to read your opinion about it!
Looking at the chart, i would say we can see a regional triple bottom pattern on Chewy, Inc. (CHWY).
Goldman Sachs has a $59 price target while Royal Bank of Canada $77.
Looking forward to read your opinion about it.
We just finished Elliot wave with an ABC correction and WXY combination, we are thinking it's going to bounce off of a strong demand zone and retrace to 50 fib zone.
Entry: 38
Invalidation: 26
Target: 77
Yesterday Chewy, Inc. (CHWY) had a strange amount of options, 1.2K Puts and 10.2K Calls, many of them expiring soon,
2022-3-18, with a strike price of $70.
2 Week Range 36.69 - 97.74
yesterday the price was $42.04
On 1/27/2022 Royal Bank of Canada Initiated Coverage for Chewy, Inc. (CHWY) with an Outperform rating and a price target of $77.00.
I aim for the...
CHWY Daily TF
Broke the downtrend and forming nice channel up. Trading above the 20/50 day ema. Ideally would like to see a a dip to 75-76 retesting bottom channel line for a dip entry but break of 81 looking at 86.
Targets: 81,86, 93
This is a play I actually entered into about a week ago pre-earnings. Price jumped after having their first profitable quarter and their financials look great. Prices pulled back as expected because the market is f'd up like that and these past few days have presented a second-round buying opportunity. It went from overpriced at $120 with a fair value of $80-$90...
