Love the clean supply line around $22.80 on $WOOF
Volume pattern supporting this possibly becoming a valid IPO bottom. Only slight issue is price wedging under breakout level.
That said, my dog said woof to $WOOF, so I think he wants me to buy it.
Pet Co 1hr ext chart shows the sell-off has slowed down near the 2.618 fib @ $21.80. Also a local POC snapped there, with a bigger one in the 23s. RSI, OBV and CMF look bullish. There's support lower at $20.80 with ATL at $17.87. I'm looking to start stepping in on dips below here with a tight SL under the $20.80 support. PT $25.50-26.50
Next meme stock right here. I wouldn't be surprised on a 300% move by year end due to such high short interest. Disclaimer: I own July and December calls. Do your DD, compelling story here.
insert rocket and moon emojis. Hope everyone catches this move.
From a trend point of view, Petco is ready to make higher highs, completing a rising wedge at this rate. The general trend is still bullish until it breaks from the wedge. If it completes a 1.168 move higher, then I would expect a retrace from there. If the wedge is completed sooner, it should be via a strong catalyst, earnings being the closest one. Under IPO...
Revenue growth was strong last fiscal year, which ended in January, and that is set to continue this year and beyond.
Just bounced off of the 20 EMA.
Above the 200 EMA both price and market is showing an uptrend.
We could see multiple butterfly patterns through the choppiness of the markets over the next several weeks. However i believe ultimately this stock could continue to move upwards for years to come. EOY target is high 30s low 40s
WOOF: Projecting key levels while the price is in the doghouse. Could it see an upside now? Q4 Earnings on February 22, 2021 before market open. KL's are contingent on observed moving averages.
Recent metrics: Performance Week -8.39%, Performance Month -9.41%
Chewy is a box on the door, and lets face it how many do you really see? If you own a pet in the United States you have probably walked into a Petco in the past two months, and you more than likely brought your four legged friend along for the ride. Petco is a brick and mortar story that will be forever because it offers not only a convenient field trip with your...
Petco Health & Wellness Company, Inc. engages in the provision of pet health and wellness services. It offers grooming, as well as in-store and online training. The company was founded in 1965 and is headquartered in San Diego, CA.