see charts at www.tradingview.com
$CHWY
Entry 44.75
Stoploss 43.75
Target 1 46.50
Target 2 47.55
Why CHWY?
Chewy added a record 1.6 million net active customers in the first quarter, bringing total active customers to 15 million.
Looking ahead
In terms of guidance, the pet product retailer expects revenue in the second quarter to be in the...
Potential upside target for a earnings beat $54
Downside support sits at $46.00
Very high short interest of 27%
Company profile
Chewy, Inc. engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company...
Hey investors, CHEWY is in a compression zone, who is trying to break up his car could try to go back where he went up to get his highest.
Please LIKE & FOLLOW, thank you!
$CHWY
UPDATE after flag proved to be extremely bullish.
Will use the upper fib level of $47.50 as next level of support and $44 below that.
We can make the argument that a continuation diamond pattern has emerged. I would set an alert to buy if it reaches $52 as the next breakout leg is pointing to $59
I remain bullish on $CHWY.
52 is a tough level. I would wait for CHWY to break and hold over 52 to go long. I would use a tight stop loss if CHWY breaks under 52.
If CHWY fails at 47.55 it can fall to 45.70, 43.89.
I would go long over 52, or go short under 50, or you can wait for it to break under 47.55.
*There was lots of Bullish Flow on Friday.
Chewy, Inc. engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
CHWY
