CHWY - 6/3/2020

CHWY - Latest ichimoku chart shows a strong momentum, not only both tenkan sen and kijun sen are above cloud, but the thick green cloud ahead interprets more buyers ahead than sellers. RSI shows overbought apparently so this upside could be a s/t move that corresponding with the 6/9 earning release, as well as the sharp increase buying on 6000+ contracts of 7/17 $70 call options this morning.
Technical Indicators

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