Chewy ChewyPet food supply has turned sexy again..
If we can get above the 200sma I can see more upside.
The last earnings were good and the stock price is being rewarded.
Bottom formed at 22.70.
CHWY trade ideas
#CHWY $CHWY lovely breakout ❤broke the pivot resistance mentioned in last analysis, non stop green since then. congrats to my longs! :)
RSI is extremely overbought now, so I would not chase this one, we may see 43.1-50 before the next big pullback. lets see what happens!
$CHWY Short IdeaDaily descending volume + 4h 200EMA Resistance + 1D 100EMA Resistance + 1W 20EMA Resistance
Risk to Reward Ratio: 2.5
The company is trading at around 156 forward PE...
$CHWY - Perfect RejectionTaking some $CHWY 7/1 34P @ 1.34 here.
$CHWY is becoming increasing overbought, and we got a gnarly rejection off of our trendline, and our supply zone.
Bias bullish Good Volume last week after earning reports.
Pick at the bottom whereby support at $20/$22.
Good risk reward.
Patiently waiting on CHWYCHWY 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
Time to Buy CHWY 🐾 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 trader can do.
For example, if you plan on buying 100 shares total, start with increments of 10 or 20 shares on pullbacks until your position is complete.
*This strategy can be used for stock picking or options trading, yet beware of options premiums in this volatile market.
Good luck!
Zach B.
nice increase in volume lately 🦉CHWY having trouble with 30 round number resistance, if we can break above the next targets will be 34-39.8-45.7
Multiple Bottom with potential to gain over 40%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
CHWY READY TO PUMPchart is clear.
price action, classic technical , channels,fib and divergence ,... .i think it is ready to pump
CHWY triple bottom 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.
CHWY LongCHWY showing several areas of hitting demand zone with repeated bounces off the zone. Should wait for confirmation candle to continue higher after gap down.
Earnings watch 3/29Earnings watch 3/29
CHWY
LODE
BGRY
MU
MKC
LOVE
LULU
SNDL
ASO
RH
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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AlertiT - notification
tickerTracker - MFI Oscillator
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CHWY long positionWe 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
$CHWY - At critical level, watch for bounce or break down here$CHWY - At critical level, watch for bounce or break down here
- If bounces looking good to add some stocks here
CHWY bullish options ahead of earningsYesterday 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 52.60 resistance short term.
Looking forward to read your opinion about it.
CHWY Bullish ThesisI love the company overall, overvalued for sure, but technicals don't lie on this one. If this is in fact an IH&S or double bottom, it could see $80+ in a hurry. Small starter here, will cut loose if breaks double bottom
CHWY: Climactic Sell Off CompletedLooks like CHWY had a climactic buyer and may be entering a reversal or range bound environment
- An Automatic Rally happened and the current weakness looks more to a lack of liquidity - which should get bid at the selling climax
- Stock is starting to look good fundamentally as well
- MACD momentum shift
- Good place to test out some small long positions with loose stops
