Chegg Announces Proposed $300 Million Accelerated Share RepurchaCHGG: Chegg, Inc.
2021-11-29 09:00:00
Chegg Announces Proposed $300 Million Accelerated Share Repurchase
CHGG trade ideas
$CHGG swing long idea after earningsDisclaimer: I am already in this position from 35.68 (-5% from current price) but I plan to add more at support levels, with a profit target above $50
Idea: Swing long $CHGG from earnings miss, big gap down.
Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings after downgrades is still well above the current price. I think this drop is over done and we are seeing price start to come back today (Nov 3rd).
Timeframe: I expect to hold this for 2 months, looking for about +40% profit on the trade
Good luck!
Chegg - Head n Shoulders - Support at 25.89 and 22.67 Chegg - Head n Shoulders - Support at 25.89 and 22.67 , it bounce off to test 31.3 short term.
Weekly Timeframe Playif price closes below $25.50 I am going to look for exit and look for other opportunities in the big market.
Analyst Hassan Adde.
CHGG 200% PROFIT POTENTIAL (LONG ENTRY)NYSE:CHGG just had a huge dip today, which I believe is a overreaction to the current market conditions and company fundamentals. NYSE:CHGG is a solid continue and most likely its price will continue to increase from this level for a 200% profit opportunity as shown on the chart.
Good luck,
Your Ganbu
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50% drop i think this could find support here.....I am long on this... It plunged over 45% today.... I am in the trade.... Hope it makes a nice bounce!!!
CHGGOversold at the 0.618 retracement. Earnings Monday. Small long position for me that I will hold through earnings.
CHGG Bounce??- Currently in a downtrend on the daily chart (50MA below 200MA) but still in an uptrend on the weekly chart (50MA above 200MA).
- Support near 54.80.
- CAUTION: $10 gap below (between $44.33-$53). CHGG could fall through support near 54.80 and attempt to close the gap near $44.33.
- Earnings on Nov. 1st. Could go either way... 50/50.
6-10 Week Outlook: Could drop to $56 before climbing back near $64.50
Hopefully this will help you formulate your own trading strategy for CHGG.
Buying this dip in CHGG We have traded Chegg all the way up to $100+ before, Now is a great opportunity to buy!
Chegg testing major support Testing 3 times major support. Currently oversold. Still in major downtrend. May whipsaw up. Potentially a good short term trade to near term resistance at 67 and 72.
Sunday Prep 8/08 - $CHGG LONG & SHORTWith Chegg I would look too short a hard spike up into the 96-97 area where you have a quarterly and monthly pivot, or I would look to buy a hard flush down into the low 70s where you have a monthly quarterly and annual pivot all stacked together.
CHGG WeeklyNYSE:CHGG weekly is ready to continue its uptrend. Last week gave a very bullish outside engulfing bar right as the 5 EMA crossed the 20 EMA. It is a very strategic spot and it is aligned with the MACD crossing up as well.
Bullish breakNYSE:CHGG
Was all over this one Thurs into Fri. These setups have been going ape lately.
No position right now. Looking for a pullback entry or a break above res pullback entry.
Earnings 16 days out gives it some time for the pre earnings move on this break!
CHGG downtrend Breakout Consolidated above the resistance line for a couple weeks before finally breaking out of the pennant today.
Hope to see more volume and take off!
$CHGG Closing above trendline sets this up for a large move.$CHGG Closing above trendline sets this up for a large move to the upside and a long-term bullish trend reversal. Earnings expected around August 09, 2021. Missed last earnings for the first time since 2017. A positive earnings could send this on an aggressive uptrend.
CHGG bullishCHGG: bullish flag above the strong level
looking to go higher
Analyst upgrades with 115 target
7/12 CHGGCHGG has been staying above the purple line months ago when it first time reached,
I think it would have the run-up to go - this would be a patient play
$CHEGG cup and handle 1D chart Hello everyone,
$CHGG forming a potential cup and handle pattern to the upside.
-Price trading above the 20day moving average (dark blue line)
-Price trading above 200 day moving average (orange line).
-RSI getting slightly over extended may have a pull back then bounce back up on the 200day.
PT. 88.24, 96
Let me know what you think in the comments!
Thank you for stopping by! happy trading!
*not fin advise*
NYSE:CHGG
Bullish on CHGG(This is not financial advice)
Another consumer staples play here. I like check bouncing off this support after meeting earnings. I think consumer staples will see a good push up here after lagging last week.
Thank you!
- Vlaire
