Chegg, Inc.Long
CHGG - Long Trade Idea
CHGG’s sell-off has been brutal, a direct consequence of AI disruption. The future remains uncertain despite the company’s efforts, including share buybacks, the introduction of AI tools, and major restructuring initiatives.
From a technical perspective, the charts present an opportunity to long CHGG at $2.40–$3.70, with a stop loss at $1.70. This setup offers a risk-reward ratio of 2:1, making it an attractive trade for those willing to take on some risk.
Not Financial Advise.
From a technical perspective, the charts present an opportunity to long CHGG at $2.40–$3.70, with a stop loss at $1.70. This setup offers a risk-reward ratio of 2:1, making it an attractive trade for those willing to take on some risk.
Not Financial Advise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.