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CHEWY, INCCHEWY, INCCHEWY, INC

CHEWY, INC

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CHWY trade ideas

JICPT| Chewy bullish setup with target of 120! Hello everyone. I just identified a nice bullish setup of Chewy on the daily chart. Let's look at the higher timeframe first. Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics. Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone. This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m. Give me a like if you're with me. Thanks for your support.
NYSE:CHWYLong
by JICPT
4
CHWY. Pets are royalty! For the past month, I have been holding a decent amount of CHWY stock, and have been watching the chart very closely. As time goes by, more and more people buy pets, AND treat their pets like their children. With that being said, this company has a very bright future ahead of it in my opinion. People constantly buying food, toys, bones, and products for their pets, and there's no better place to do so then on their website! Given the fact that they are indeed a website, this is very good for their annual revenue, as they do not need to worry about the average costs it takes to run an in-person store. This is also key in the fact that since Corona Virus has started, more and more people do their shopping ONLINE, driving in a ton of more customers to their platform. As for Earnings, they have beat them for the past SIX reports, beating them by more and more each time. Fundamentals=Beautiful. As for the Technical side of things, looking at the daily chart, it seems to be in an Inverse Heads & Shoulders formation, which more times than none, tends to be bullish. For the past week, it has been fighting light resistance at around the $90 area. The key word there, is LIGHT, as I believe if we do in fact get a breakout, that will push us through the final resistance of $92, sending it back into the $100's. As for my entry, I had originally bought in at $81, and have averaged my way down to where my price average is now, which is $77.50. I truly believe in the GROWTH, as well as the sustainability of this company, and plan on holding over the next few years.
NYSE:CHWYLong
by JustOffTopic
2
CHWY : A PET LOVERS CHARTI know my husky is excited about CHEWY reporting earnings this week. With market profile supply around $80 I must be bearish . There is a lot of areas of supply above those levels. The trendline that began last year in March was finally broken in April this year with a close below the trend line . It rallied afterwards for a few days but all it was, a dead cat bounce, where hopium took over the buyers believing that it was the bottom and the new rally would begin. It continued dropping and it had no problem breaking the trendline once again but with more force to the downside that time. To not my surprise it rallied from an area of market profile demand where a continuation formation was seen kissing the 20MA giving us confluence and a stronger signal to go long, but that is all in the past and what we should focus is on the present and future. The previous trendline has turned into a polarity trendline where previous Support held but now Resistance stands. I am expecting price to hit its head there. I will see how price creeps up prior to earnings and when the time comes I will look to buy the $72 puts, I will do so when price hits $80.23 or if the momentum is to high I will go ahead and wait for it to hit its head on the $86 level of supply. I will not ignore the evidence of changing circumstances but as of now in those levels I am bearish . Not looking to go long anywhere until the $71.25 area. #TTP #TrusTheProcess
NYSE:CHWYShort
by aramBull_Bearnando
1
Is $CHWY a $100 stock? *Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* *I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.* My team and I have had our eye on Chewy ($CHWY) for some time, and in its current bullish trend we believe this pet-good provider has potential for both short and long term growth. Their most recent earnings report was a breath of fresh air, going against analyst expectation of reported loss. We believe that in its current operations, Chewy could potentially control their market simply based on the large variety of products they provide, as well as the level of convenience they bring their customers. Their lack of a brick-and-mortar setup allows convenient direct-to-consumer distribution, cutting out the middleman of a company such as Petco ($WOOF). The Coronavirus pandemic shifted consumer wants and needs, many consumers are searching for convenience in the delivery of their goods, and Chewy's operations have been set up to provide that convenience since its founding. Many companies have had to shift their operations to meet this demand, while Chewy has been able to grow in its operations in the past year; the company is in the midst of a 70% growth spurt from in a one year period. We believe this company is worth a share price of $100, and we believe its current valuation of $80 per share is low. My team secured an entry on Friday afternoon. ENTRY: $80 STOP LOSS: $70 TAKE PROFIT 1: $95 TAKE PROFIT 2: $100 TAKE PROFIT 3: $110 Check out my team over at @SimplyShowMeTheMoney Members of our team are followed there.
NYSE:CHWYLong
by tradebuckets
1
CHWY: Bearish Thesis Holds, Point and Figure Updated Price TgtsChwy continuing to get punished to the downside - We hit the preliminary point and figure target of 70 but further downside is entirely possible - Using the longer term point and figure distribution we should be going lower - Using the the wedge (captured via bar charts) confirms this Fundamentally CHWY is getting dragged down along with the entire IPO basket; higher inflation will lead to further compression of multiples on growth However, my view is that inflation will be fleeting once more reenter the workforce and shares will be absorbed somewhere in the 50-60 price range PFP assumed 5 bar reversal, 2 points per unit
NYSE:CHWYShort
by quantitativetendies
$CHWY - Diving board breakout watch - target $92$CHWY just formed a diving board pattern. If the breakout happens, it can get to $92. best case - 92 good case - 87 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:CHWYLong
by PaperBozz