CHWY is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
Despite delivering better-than-expected quarterly results, the online pet food and accessories retailer faces headwinds stemming from moderating pet ownership trends. While Chewy's ( NYSE:CHWY ) outlook may have dampened investor sentiment, its commitment to continued growth and market share expansion remains steadfast. Navigating Market Volatility: Chewy's (...
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:...
This looks bearish. If it breaks below 17-18 then most likely it will hit 10-12 range. If it does then expect it to recover back to 24.
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...
Please watch the video on my analysis of $NYSE:CHWY! I explain why I think that this stock is going up! As always, thank you for tuning in to my analysis. I pray you all have a beautiful rest of your thanksgiving!
Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets. This is so far the best opportunity since 2020 to begin creating a long-term position. Also looks like a nice technical level to create a...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation,...
If you haven`t bought CHWY here: or sold it before the previous earnings: Then analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately 0.65. If these options prove to be profitable prior...
NYSE:CHWY My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5. Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of...
NYSE:CHWY If the price of CHWY breaks above the bullish line of $40.78, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $43.72. Conversely, if the price of CHWY breaks below the bearish line of $34.87, it may suggest a bearish signal, implying potential downward price movement. In...
That gap?!?! On a M chart. Wow I'm about it. And the daily 100/200 sma support the move? I'm in bullish. Consider doing the same
If you haven`t bought CHWY here: or sold it here: then Analyzing the options chain of CHWY Chewy prior to the earnings report this week, I would consider purchasing the $29.5 strike price Puts with an expiration date of 2023-6-2, for a premium of approximately $1.29 If these options prove to be profitable prior to the earnings release, I would sell at least...
Pricing crossed 60 VMA and 200 DMA in recent rally. +++ 3D chart looks much better with price right on the volume shelf. ++ Recent volume could be better; suggests another pullback is possible -- Takeaway: Seems to building phase2 nicely. breakout should happen soon. Keep this on your watchlist and your portfolio for the long term.
If you haven`t bought the all time low: Then you should know that looking at the CHWY Chewy options chain ahead of earnings , i would buy the $43.5 strike price Puts with 2022-12-9 expiration date for about $2.46 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
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!
As much as I want to be bullish on CHWY, I think it requires more and time price. Resistance is obviously at 31.95 and another upside level at 32.89 / 34.30. Downside remains the near support level at 31.34 and lower levels of 30.72, 30, and 29.20. I'd be looking to see if the stock can begin to build on a base with large volume and continued higher closes from...
CHWY broke below longtime support and I am waiting to see if this level gets retested as resistance. Going to be patient on this one and wait for a few green days and rejection off support level. Ultimate target would be $22