Chewy, Inc.Short
CHWY: Bearish Flag (Bull Trap)
Updated
-Great earnings performance by CHWY
-Those who missed profit taking on the wedge will probably seek to do it now
-Some consolidation is happening today (strong rally in the post session, weakness in the intraday)
Tech is kind of finicky so maybe a stop in the low/mid 90s so as not to get stopped out on volatility
-Those who missed profit taking on the wedge will probably seek to do it now
-Some consolidation is happening today (strong rally in the post session, weakness in the intraday)
Tech is kind of finicky so maybe a stop in the low/mid 90s so as not to get stopped out on volatility
Note
Stopped out too soon, but probably good for risk
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