Analyzing the options chain and the chart patterns of CHGG Chegg prior to the earnings report this week,
I would consider purchasing the 10usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Possible bear flag since the Bear Cave short report. Daily stochastic is bearish and the weekly is rolling over. Buying deep in the money puts with an exit a few points above the 20 day moving average or a bullish stochastic switch.
Wonder if this is the first of many.
I wouldn't like to be any online training / support desk type business with the rapid adoption of ChatGPT.
Could be a good opportunity for the shorters out there to look around for similar businesses that might feel the impact.
In Cheggs case I wonder if this drop will snowball, or be considered an over reaction by the...
Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services
SL 6.0
Trading plan:
1. Wait until CM_Ultimater_MA_MFT_V2 indicates a reversal of secondary daily trend. This indication will be confirmed by change of the color of MA from red to green. Primary trend is still bearish until confirmed to be bullish.
2. CM_Williams_Vix_Fix at local daily bottom which can be seen as a confirmation of the reversal secondary bearish trend...
Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its...
By Fibonacci rules we have retraced 50 % of the rise since September which is almost the August high. In November there has been a window opened. At the same time there is still an open window since May. Given the rise above the important Moving average and the failure to close the windows we may test the November highs again.
Attempting to see the bottom as it approaches the channel bottom
The lower level of this channel is a strong support line for price and could be considered a bottom point
Weekly chart for CHGG
Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them to learn their course materials, succeed in their classes, and save money on required materials. The company offers Chegg Services, which include subscription services; and required...
Fully in Person by Fall 2022 academic semester. Almost all textbooks are online free! Limited-no access to "resources" for assignments/exams in the in-person setting. I don't like outlook.
Keeping things simple today. Chegg is at the edge of breaking out or falling apart. But based on how much it has declined already, I think this would still be a decent entry-level if you are looking for both speculation and investment.
In the short term, I think it's okay to eye for the .236 fib retracement level, as you can simply capture a rebound wave. In the...
If you have seen my previous posts, then you k now the drill Monthly in Red, weeekly in Blue and Pink for short term
CHGG has dropped like a rock but then 78.6% Monthly fib level did become magnet, never ever it has closed monthly below 78.6% I know we are left with few more days this month but I doubt that it will close below red line. Now with that assumption...
