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Chewylong

Chewy's (NYSE: $CHWY) Road to Strategic Stabilization Despite Chewy A (NYSE: 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: NYSE:CHWY ) might be entering a phase of stabilization and potential upward movement.
NYSE:CHWYLong
by DEXWireNews
1
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.
NYSE:CHWYLong
by bishopknight