Yesterday Chewy (CHWY) 🐾 saw the largest volume in trading since the IPO in 2019. It is firmly within the downtrending channel, bouncing off the bottom in fact, so if you order everything from pet toys to pet treats to kitty litter, this might be an area of interest to begin nibbling. In this market, scaling into your position is the wisest thing a retail...
NYSE:CHWY Forming multiple bottoms with potential to break trend line resistance, and hit 59 which is over 40%. Analysts' mean target price @ $59.04. 96% Institutional ownership
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...
NYSE:CHWY $CHWY had an unimpeded run up 11.22% today (2/9/22), to rest just below the trend resistance of its broadening formation (the pattern is known for increased volatility and price action as long as price remains within the pattern). I do show $51.04 as an important level of resistance, which after passing price flattened out, but did hold. CPI data...
NYSE:CHWY After a long downtrend, Chewy may have found it's bottom. Jan 24 gave a Bullish Engulfing candle at the $37.11 support. RSI poking above 50 for the first time since late Nov '21. MACD curling. Buy volume has been increasing since early December '21. Showing more buy volume and greater daily price action as price moves closer in an expanding pattern...
This pandemic is not going away anytime soon. I believe it is a lot like the flu in terms of length, and will be here for the long run. With this being said, this is scaring people from doing the things they used to love doing, such as shopping, going out for a night on the town, or even going to a basic dinner with some family/friends. This mindset has made the...
Chwy made it over the .886, and looking for a move higher today going into next week after it retests the .886* *pending market conditions
... for a .50 debit. Comments: In for a 1.00 credit; out today via good until cancelled order to take profit at 50% max. .50 ($50) profit. 11.8% ROC as a function of buying power effect.
... for a 1.00 credit. Comments: Selling some 16 delta premium in CHWY post-earnings in the implied volatility afterglow (30-day is still currently at 66.9%). I considered short strangling it, but there's some skew to the call side with wonky five wides, so am just going bullish assumption on it instead. Delta/theta: 15.79/3.03; 1.00 max profit on buying...
CHWY nearing apex of triangle. Will look for trades in direction of break.
CHWY is creating a potential W pattern. Since May, price (when in this area) has retraced the previous high twice at least 38% of previous high. Although the previous high is lower than the one prior to that one, a price of $65.96 would be a retracement of 38% of its previous high.
DISCLAIMER -> This is a personal opinion and not a financial advice.
bark bark .. doesn't look too awful IMO.. could be good to enter here and if tech has a good day to the upside i'd see chwy extending gains. Watch for fake breakout.