CHWY trade ideas
$CHWY - needs volume or news It needs something to return to its all time high. How about Amazon is looking to buy them? That would be great news. Just need it to happen. Holding onto this one because it has produced better earnings than expected over the past two earnings. Hold on tight, could be a disappointment.
Not my favorite and I would not recommend it, but I am already in it so I am braced for impact.
CHWY looks promising for breakout above ATH This is a weekly swing trade idea, I wont hold into next week or at least certainly not into earnings. I am not making any predictions on earnings, I just don't care to hold into earnings.
The chart is quiet promising.
Good price movement to the upside, testing ATH. Consistent volume, indicators are good. I am looking to buy the breakout and swing this one. Would be an options play.
Long $CHWY - Closing before EarningsLong $CHWY - Holding until 12/8/20 closing before Earning.
Historically $CHWY has experienced a bullish runup to earnings starting 14 days out
11/17/20 13:00 We had an upwards crossover between the 62hr EMA and the 182hr EMA (Thick blue bar). This followed out yellow and orange bars cross-under events. This should signal a bullish uptrend.
Short term 62hr RSI also indicating bullish momentum.
Script from @Perma_Pig