NYSE:CHGG weekly is ready to continue its uptrend. Last week gave a very bullish outside engulfing bar right as the 5 EMA crossed the 20 EMA. It is a very strategic spot and it is aligned with the MACD crossing up as well.
(This is not financial advice)
Another consumer staples play here. I like check bouncing off this support after meeting earnings. I think consumer staples will see a good push up here after lagging last week.
CHGG multiple pennants, gapped up above 50 days SMA line, sitting ontop of key support, and possible retest on the broadening wedge. This is not financial advice, I am not advocating the buying or selling of CHGG stock.
A double bottom/ rectangle top breakout here on CHGG that confirmed today with a retest to the new support at 88.5.
Short term target according to the pattern would be 114.5
Share your thoughts! :)
Chegg (CHGG) closed at an all time high today along a strong support. It is showing some resistance at around the $79.50 level, however with earnings on Monday 8/3, it may look to consolidate/run up pushing new levels. If it breaks 79.50, I am looking for a first price target at 82, and a second price target at 85. Previous two quarter ER's were misses, however...
alright, so Chegg is something that has helped a lot of college students over recent years. This is good news for the long haul. It's been trading in the channel following the gap up. It broke out of the channel but was unable to hold up there. It fell but the new low was higher than previous so that's good. That gap-up had a long volume stick and the...