This could be a great stock to pull a bullish option on this week as it has ran the bottom of this upward trend for a little while now and usually posts a very good Q4 Earnings. If all lines up here this is a pretty big moving pattern.
lockdowns are coming soon. Of all the stay at home play I'm more confident with CHGG, due to its price right now.
Bought $60.00 strike call. 4/16/2021 expiration date.
No purchases for me. Id love to see it follow the model that I am proposing so I would like to see it push upward before I full agree with my research.
CHEGG kills every earnings call and when there is a big sell-off after a mostly positive earnings call you can see a history of this stock returning to dominance after the earnings buyers leave for the next couple months. This is a great lead company and consistently shows organization as well as targeted goals they are over-achieving.
I am always a buy on this...
While it is at the lower end of its upward trend channel, Chegg is hovering around the 50 MA line for support. This week we will know if Chegg moves up or drops further down for more support (62). Many believe that this still has much room to grow regardless of who wins the election and are also working to improve profit margins. It has already had a great rally...
CHGG: Second Chance Before Blast Off to
Technicals:
uHd
BB%B oversold + BB 20,2nd standard deviation hit
61.8% fib supprt
March Covid-19 Trendline
Above 200 moving average
Long-term trendlnes sloping up
I think we already know that; the RSI level does not count much in a strong uptrend.
It can stay above the 70 RSI line longer than you think.
We can take Snapchat as a perfect example. Unfortunately, I sold them before the earnings report.
I am not saying that CHGG will also jump 40-50% on positive surprise, but in this case: we have to ignore the presence of the...
CHGG chart is quite bullish heading into earnings, with the
potential for a breakout to new highs.
Levels of Fibonacci as potential targets =
$97.00
$104- $106
