With Chegg I would look too short a hard spike up into the 96-97 area where you have a quarterly and monthly pivot, or I would look to buy a hard flush down into the low 70s where you have a monthly quarterly and annual pivot all stacked together.
NYSE:CHGG weekly is ready to continue its uptrend. Last week gave a very bullish outside engulfing bar right as the 5 EMA crossed the 20 EMA. It is a very strategic spot and it is aligned with the MACD crossing up as well.
NYSE:CHGG
Was all over this one Thurs into Fri. These setups have been going ape lately.
No position right now. Looking for a pullback entry or a break above res pullback entry.
Earnings 16 days out gives it some time for the pre earnings move on this break!
$CHGG Closing above trendline sets this up for a large move to the upside and a long-term bullish trend reversal. Earnings expected around August 09, 2021. Missed last earnings for the first time since 2017. A positive earnings could send this on an aggressive uptrend.
CHGG has been staying above the purple line months ago when it first time reached,
I think it would have the run-up to go - this would be a patient play
Hello everyone,
$CHGG forming a potential cup and handle pattern to the upside.
-Price trading above the 20day moving average (dark blue line)
-Price trading above 200 day moving average (orange line).
-RSI getting slightly over extended may have a pull back then bounce back up on the 200day.
PT. 88.24, 96
Let me know what you think in the comments!
Thank...
(This is not financial advice)
Another consumer staples play here. I like check bouncing off this support after meeting earnings. I think consumer staples will see a good push up here after lagging last week.
Thank you!
- Vlaire
CHGG multiple pennants, gapped up above 50 days SMA line, sitting ontop of key support, and possible retest on the broadening wedge. This is not financial advice, I am not advocating the buying or selling of CHGG stock.
