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...
Stocks
Bullish Flag Pattern on the Daily
Entry: $48-$50.00
S/L $46.00
PT 1 $57
PT 2 $62.
PT 3 $67
PT 4 Open $70+
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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
Hello everyone!
Today I am looking at CHWY and all I am definitely seeing a potential long here.
Whos is Chewy?
Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for...
$CHWY retraced to golden pocket after last movement upward, retested S/D area twice rejecting it making me think that the uptrend is not over. Weekly chart looks even better. I like entry here for a swing and I will average down if we go lower. Daily close below 72 invalidates the idea. For options, buy at least two month expiration.
$CHWY D Time Frame update.... Completed 5 impulse waves up and came a few cents off my wave 5 target from previous analysis... Now with market volatility and uncertainty where do we go now? Stimulus is being passed to the house to finalize the package, If we do get the stimulus keep eyes on retail as consumer spendings should increase, which means .... more pet...
CHWY holding that support line nicely and bounced off 50 day EMA. Watching for a breakout of the downtrend for a clear reversal to retest ATH. Break of the support line this could be a nice short down to 94 under that I can see an overall move down to 87.
High Risk High Reward play
Playing options have a tight stop loss on this as its very overextended...
CHWY broke out and held above its bull pennant, i would look for entry near 103.05 or wait for break of 105.30 to retest ATH. If it can hold above 106.50 tomorrow we could see 110 by eow. I would be careful with Chwy as it is very extend and overbought on the higher time frames, correction is coming soon but I have high hopes for this to run during this Santa rally.
I would wait for the resistance line to turn into support and re-test, before placing an order.
- Historical uptrend.
- RSI + Stoch well above 50.
- MACD above Signal.
Target price $58.00
Suggested Entry $52.25
Suggested Stop Loss $51.3
Noteworthy bullish options activity in $CHWY 51c for 6/26 with some small put protection coming in later in the day.
Fibonacci bb setup with bullish engulfing daily candle, post ER profit taking CHWY is a strong brand, ppl love the service...
Targeting 51+ for next week, possibly eow
Enjoy...
Trade at your own risk.
I took 20 contracts will update trade later.
