petsusdtSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
Pets
chewy $chwy #chwy Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets.
This is so far the best opportunity since 2020 to begin creating a long-term position.
Also looks like a nice technical level to create a call position with a little bit of time on it.
I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
Can They Build Some Short Term Basing?As much as I want to be bullish on CHWY, I think it requires more and time price. Resistance is obviously at 31.95 and another upside level at 32.89 / 34.30. Downside remains the near support level at 31.34 and lower levels of 30.72, 30, and 29.20.
I'd be looking to see if the stock can begin to build on a base with large volume and continued higher closes from the prior close.
We will see how this plays out with the stock. Good thing for the company is they have outstanding service (as a customer) and pets will always require purchasing demands. But, like other retailers, CHWY has the hurdles of overhead, shipping, inventory, and much more.
I'll be watching to see how the price action revolves around the levels mentioned above. Just like healthcare; people will need to continue to feed their pets and acquire goods and services for them. So, how will economic conditions impact the purchasing power when it comes to 'finding the best deal'?
Hidden GemFirst time ever going flat, not dropping lower regardless of BTC , also has gone up a bit as BTC went down showing demand. New co about to take off IMO. I believe this is the hidden gem. 0.10 by the 5th of March. growing in popularity on Social. Hipsters love to chip pets and use an app to help shop, care and play for there pets. I bet this will be a winner. GL
CHEWYCHWY is creating a potential W pattern. Since May, price (when in this area) has retraced the previous high twice at least 38% of previous high. Although the previous high is lower than the one prior to that one, a price of $65.96 would be a retracement of 38% of its previous high.
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.
MicroPets, $PETSMicroPets ($PETS) move.
- Please share your opinion in the comments.
* This is just an idea, Not financial advice.
CHWY continuation 90 break -> highsInv H&S in 75-88 range... 88 breakout level 90->92.60 break-> retest ATH
ZOM hits lows and bounces back hardI will admit if a trade doesn't come to what I think it will do I'll say im wrong, but that's the beauty of tradingview and how we can share ideas. I still remain skeptical of the current price action and have give a range of price movement of the current price. As a trader watching on the sidelines I still believe for a new/long term trade is wait till earnings. This movement up is unknown why its pumping but a few reasons may be the cause
Why is this pumping?
-Whole market is recovering at this time and biotech/pennystocks are feeling some love which were one of the worst hit sectors.
-Past buyers bought the dip and has had an amazing bounce back, which I will talk about in the TA portion.
-The sentiment around ZOM was negative people panic sold from $1.15 too .73, which caused the sellers to be exhausted. With no more sellers the price rebounded and fomo struck.
TA: Its interesting cause the chart goes aganist the news, so an idea of this is a short squeeze to exit positions. Who knows
-April 22, we skyrocketed towards the 50ema and held causing a bullish reversal in the RSI as it held
-RSI leads bullish with the current movement of the stock
-Resistance is at 1.41, but could say its at 1.18 with past high or go off the emas, which is at 1.13 and 1.29
-Support would be at the 50 ema .97/.96 or slightly before at 1.01 which could be a dip opportunity.
-If the trade goes south you could experience a 29%-74% lost with an upside of 124% going back to ath
Final thoughts
I'll remain skeptical of this pump till er, since again it could be a pump to have people fomo and sell into the buyers or just exhaustion from the months of downward movement. With TA however it remains bullish/neutral
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.
$ZOMZomedica is a veterinary testing and pharmaceutical company with a much-anticipated product: Truforma.
There are those that believe this will bloom into a $5 stock ~
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.
ZOMZomedica looks like it will be a winner once its veterinarian office lab testing product launches on March 30 . ZOM stock is already up 850% so far this year. In fact, it peaked at $2.70 in early February in anticipation of this product launch.Moreover, the company has very smart about taking advantage of its huge price spike. On Feb. 8, it raised another $185.4 million. In fact, as of Feb. 26, Zomedica had an astounding $277.5 million in cash on its balance sheet, based on an 8-K filing
Pets buy and sell analisisThis is my analisis for the stock pets on how the stock will move ( for long stock red line is when you want to buy and green line is when you want to sell)
(for short stock green line is when you want to sell and red line is when you want to buy)
Is Chewy Getting Ready for a Run?Pet supplier Chewy has been cooped up like a border collie in a kennel, but some technical patterns suggest it may run again soon.
CHWY doubled in value since mid-September, rallying out of a bullish ascending triangle. Its animal spirits took a nap around the “nice round number” of $100 in mid-December, and the stock has consolidated there since.
Bollinger Band Width has narrowed to the tightest level in 2-1/2 months, highlighting how rangebound it’s been.
Second, notice how CHWY recently wagged some tails under $100 but closed above it. Also notice that today it started to climb despite remaining $0.30 above $100. Is price saying good-bye to double digits?
Third is the large outside day on January 27. That’s when then bull(dog)s tried for a breakout, but were yanked back like a terrier on a leash. CHWY has tied up inside that candle since.
Finally, the 21-day exponential moving average (EMA) has provided support throughout this consolidation phase. That line is now over $100, which could squeeze prices higher.
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CHWY over 105.00Can ride e-commerce tailwinds from $AMZN and break out of this descending channel. Price action resistance is entry over psych level of 105.00.
$ZOM pennant breakoutpotential reversal on the 4hr. hammer formed and held at close Friday staying inside the pattern. looking for a breakout with volume soon to the upside. I would like so see it at least hold above the 20ema before an entry. price tgt 2$
Zomedica Upcoming TRUFORMA™ on March 30, 2021Protected by approximately 70 issued and pending patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave (“BAW”) technology, developed by Qorvo (NASDAQ: QRVO), to provide a non-optical and fluorescence-free detection system for use at the point-of-care.
BAW technology, also used in cell phones and in the world’s most advanced radar and communications systems, is an extremely reliable and precise technology.
Zomedica expects to begin commercial sales of TRUFORMA on March 30, 2021.
Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians.
Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. (source: globenewswire.com)
Please leave me a message if you want to test the buy and sell indicators that i am using.
CHWY new ATH? PT 110CHWY broke out and held above its bull pennant, i would look for entry near 103.05 or wait for break of 105.30 to retest ATH. If it can hold above 106.50 tomorrow we could see 110 by eow. I would be careful with Chwy as it is very extend and overbought on the higher time frames, correction is coming soon but I have high hopes for this to run during this Santa rally.
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.
$PETS Charting Patterns$PETS
Testing out this theory (2.0). $PETS fib retracement on the weekly chart work with a wave 1 following an ABC chart. Testing the fib timeline tool for wave 2 entry point. Chart seems to show resistance level from the pennant trend and the 200 MA and the fib retracement at $30.92 and a pull back to the zone btw $29.75-$30.20 – seems to be a support level here too for an entry point into wave 3.
“I’m not an expert but I have watched a lot of youtube videos.”
NASDAQ:PETS
