CHWY inside day breakout tomorrow. Has plenty of room to the top or bottom. Would like to see it test $45 area of resistance again but will trade tomorrow based on its break of the inside bar
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...
CHWY recently saw a bounce from trend support and blue support zone, very bullish sign anytime there's cluster support.
break of local trend resistance/34.6 and we should see a rally to 38-45 targets
boost and follow for more! thanks
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.
4 hr momentum is current to the bullish side. This momentum has been confirmed.The temporary retrace has occured and now the market will push up. Target is shown on chart
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.
Whats The Plan/Trade/Thought
For the Month of Dec, I am looking to avoid the week of the 15 Dec, where there will probably be wilder price movement due to the Dec Fed rate hike. This is probably the start of the turning point and my strategy doesn't generally do well at turning points. I have no idea how the crowds will intemperate whatever news comes up.
While...
CHWY
Looking soft.
CHWY in existing downtrend under 200.
What looks like a Double top formed with a neckline support at 37.00
The neckline was broken, and price has pulled back to it. Price will look to continue downtrend.
Entry: 33.10
Stop loss: 39.45
Target: 23.15, +29.36%, 1.44 RR ratio
Bullish.
Peak 2 is higher than peak 1.
The 4th leg of the crooked me turned up just shy of the .786.
This has passed long entry level and has met a resistance level.
No recommendation.
A lot will depend on how friendly Mr. Market is in the coming days.
This indecision is bugging me (o:
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...
Ranked at #3 in the Bullish Pattern series is the Cup and Handle Pattern.
Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle.
The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup.
There are 2 types of Cup...
