$CHGG Head & Shoulders pattern with slanted necklineEarnings on Monday, 8/7/23. Risky, proceed w/ caution. Daily time frame on an uptrend. 0.79 fib crossed. depending on spread, 11c look promising.
2.24USD
266.638MUSD
766.897MUSD
111.236M
About Chegg, Inc.
Sector
CEO
Daniel L. Rosensweig
Website
Headquarters
Santa Clara
Employees (FY)
2.071K
Founded
2005
ISIN
US1630921096
Chegg, Inc. operates a learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
Chegg Plunges After Company Warns ChatGPT Is Impacting GrowthWonder 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
Chegg, Inc buyChegg, 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
Chegg Potential BounceTrading 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
CHGG | Time to Learn | LONGChegg, 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 includ
50% retracedBy 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 te
CHGG - Picking the BottomAttempting 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
CHGG oversold on several indicatorsPurchased 150 June 17th $17.50 calls. Stock is at $17.30, looking for a bounce to $20-21 range or fib .618
Chgg guided lower and got cracked but....we are going back to school and hopefully reopening. If chgg can break out it has a big gap to fill.
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