bearish divergence on MFI and macd weakening. Approaching resistance at 41.69. This could be the end of the parabola or the start of a new impulse. Lets see what happens.
This is a monthly view
Chegg had a good earnings report but was no tto the standards of many, selling was intense, but then common sense prevailed. The stock has had multiple upgrades lately and offers great growth with Revenue up 25% and the high margin services sector has 34% growth. Long distance and digital education will increase greatly in the years to come as governments see the...
CHEGG Potential short on this name on a bounce back to the $40 area - this is NOT for retail traders. Looking for a 40% eventual drop with deep itm puts. Do your own DD. #stocks #trading #options #fintech #Puts
$CHGG Hanging man candle forming on daily chart, after tagging upper channel resistance today. See chart for possible near and medium term targets.
Note: Informational analysis, not investment advice.
Chegg is a up and coming tool used by students for textbook needs. Subscription based programs are continually on the rise and given the outrageous status of textbook ownership across north american institutes they have managed to continuously grow. However with a recent data breach, lawsuit, and general correction in the NASDAQ (QQQ), CHGG is beaten down....
