CHWY: Ready to head into next swing. Awaiting confirmation
Updated
01/05. After a good swing we are now already in pullback phase testing the fib_0.382 level as support. Still awaiting confirmation by crossing ema_8d and/or oscillators (RSI bounce of 50).
Plan:
Take Profit: < $50
Entry: latest on $44.22 (fib_0.236).
Stop loss: fib_0.382
Plan:
Take Profit: < $50
Entry: latest on $44.22 (fib_0.236).
Stop loss: fib_0.382
Note
Trade setup still active. fib_0.618 should not be violated and serve as a support. Hence, entry might be lowered to 40.50 (fib_0.5)
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