Despite Chewy A (NYSE: CHWY) currently being in a falling trend channel in the medium long term, there are positive signals for potential recovery. The recent break of a resistance level suggests a positive shift in the long-term trading range.
Additionally, the identified support at $17.00 provides a potential floor, indicating a level where investors may find value. While acknowledging the challenges, the positive signals suggest that Chewy A (NYSE: CHWY) might be entering a phase of stabilization and potential upward movement.
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.