CHWYbark bark .. doesn't look too awful IMO.. could be good to enter here and if tech has a good day to the upside i'd see chwy extending gains.
Watch for fake breakout.
Chewy
$CHWY ready to rock$chwy your mom loves it, your dog loves it, and right now banks and hedge funds love it. #chwy is just primed, this weekly chart shows a wedge formation, just above the decade VWAP, last time Chewy touched that it rose 30% in one month. You will not get it cheaper unless the announce they are going out of business, absolute bottom is 65.55, it's been hammered by the big boys and now it's time to load up. I am so long and very bullish. Not financial advice risks are your own.
CHEWY tumble, potential low entryChewy took a tumble on it's negative earnings, providing a possible entry point on support and fib confluence.
CHEWY 105 PTCHEWY is looking good for a breakout of an ascending triangle
105 pt measured move takes us to about 107
CHWY continuation 90 break -> highsInv H&S in 75-88 range... 88 breakout level 90->92.60 break-> retest ATH
CHWY Post ER Run?CHWY Daily TF
Broke the downtrend and forming nice channel up. Trading above the 20/50 day ema. Ideally would like to see a a dip to 75-76 retesting bottom channel line for a dip entry but break of 81 looking at 86.
Targets: 81,86, 93
Looking good for $CHWYThis is a play I actually entered into about a week ago pre-earnings. Price jumped after having their first profitable quarter and their financials look great. Prices pulled back as expected because the market is f'd up like that and these past few days have presented a second-round buying opportunity. It went from overpriced at $120 with a fair value of $80-$90 down to that range and should return to the mean $90-$100 range soon. Also looking for a cross on the hourly macd which historically has been a good indicator for CHWY. The 4hr macd does not look as hot so do keep that in mind, however with less price history on a stock I tend to find it not as powerful.
Entry: $78.66
TP: $97-130
May enter into a long-term position after getting to these levels because this is a great company and as long as Amazon doesn't go to full out war with them should be profitable every quarter within the next year.
Chewy— chew itChewy is showing good strength on 4 hour chart, with its amazing earning it is ready to fly
Chewy- lets chew itChewy has been consolidating since its fall from highs. Market has given 3 chances to buy at around 79 , there is huge selling at 87 level. But with earning coming up and divergence on rsi thing chewy will run soon.
Purely technical analysis
Trade at your own risk ideas are only for entertainment
Best strategy to deploy- a put butterly near 79 level , la put credit spread , long call around 78 79.
CHWY Long Term Outlook $CHWY D Time Frame update.... Completed 5 impulse waves up and came a few cents off my wave 5 target from previous analysis... Now with market volatility and uncertainty where do we go now? Stimulus is being passed to the house to finalize the package, If we do get the stimulus keep eyes on retail as consumer spendings should increase, which means .... more pet toys and pet products! CHWY is a strong online pet retail brand and has been doing well during this pandemic!
If you are a pet lover here are some other pet related stocks that you can invest in ($WOOF, $PAWZ, $TRUP, $PETS) ... $PAWZ is the ETF that has lots of great holdings that are pet related! CHWY is one of their top 5 holdings as well.
$CHWY In the short term, there is potential for price depreciatiWith my expectation that the company in the next report will provide good financial results, but now there is an oversupply and a large and rapid rise in value
CHEWY 1D WEDGE BULLISH BREAKOUTGreen 20 sma uptrend
Purple 60 sma uptrend
Gold 120 sma uptrend
Blue 200 sma uptrend
Volume 100% ++
Ascending Wedge
Large body breakout bullish candle
Trading Idea shared by Wendy from TSG
Chewy to hit new highs come earnings.NYSE:CHWY Chewy is creating a bull pennant which especially with earnings coming on the 8th gives Chewy the chance to reach new all time highs or fail the new highs with a double top at its previous high.
iHS Breakout $CHWY breaking out of an inverse head and shoulder, now hopped over a volume cluster with Chikou finding Kumo support. Looks to be headed towards the Daily falling wedge resistance
CHWY longNoteworthy bullish options activity in $CHWY 51c for 6/26 with some small put protection coming in later in the day.
Fibonacci bb setup with bullish engulfing daily candle, post ER profit taking CHWY is a strong brand, ppl love the service...
Targeting 51+ for next week, possibly eow
Enjoy...
Trade at your own risk.
I took 20 contracts will update trade later.
Chewy $CHWY$CHWY is looking for its support. After break out, it is bounced above the pivot resistance.
