Purchased 150 June 17th $17.50 calls. Stock is at $17.30, looking for a bounce to $20-21 range or fib .618
I am swing short @ 17.44 limit. This shall crash and burn by 2 weeks. 18% recovery in one day after 30% fall is BS price action IMHO.
we are going back to school and hopefully reopening. If chgg can break out it has a big gap to fill.
CHGG: Chegg, Inc. 2022-02-23 08:00:00 Chegg Announces New $300 Million Accelerated Share Repurchase
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...
Might be a slow climb, but we are pushing up through resistance after resistance with volume picking up. Keep an eye on these levels!!!
CHGG: Chegg, Inc. 2021-11-29 09:00:00 Chegg Announces Proposed $300 Million Accelerated Share Repurchase
Time to go long, time to get for the long term buy buy buy
Overvalued to undervalued. About 175MM in free cash flow for 2021. 12.5% growth over 2020. Even a modest growth or near term slow down, intrinsic value is about at $50 a share, more time and average growth rates is pushing $60/ share by 2023. Very smart management, evidenced by the doubling of convertible notes issue in August 2020, sold at the top...
Chegg - Head n Shoulders - Support at 25.89 and 22.67 , it bounce off to test 31.3 short term.
if price closes below $25.50 I am going to look for exit and look for other opportunities in the big market. Analyst Hassan Adde.
Disclaimer: I am already in this position from 35.68 (-5% from current price) but I plan to add more at support levels, with a profit target above $50 Idea: Swing long $CHGG from earnings miss, big gap down. Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings...
NYSE:CHGG just had a huge dip today, which I believe is a overreaction to the current market conditions and company fundamentals. NYSE:CHGG is a solid continue and most likely its price will continue to increase from this level for a 200% profit opportunity as shown on the chart. Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️...
I am long on this... It plunged over 45% today.... I am in the trade.... Hope it makes a nice bounce!!!