CHGG trade ideas
CHGG 72yo yo
alright, so Chegg is something that has helped a lot of college students over recent years. This is good news for the long haul. It's been trading in the channel following the gap up. It broke out of the channel but was unable to hold up there. It fell but the new low was higher than previous so that's good. That gap-up had a long volume stick and the started a nice 8-day bullish run. After that one long volume bar, the volume began to go back to normal again. On Friday you see another spike in volume following the dragonfly doji candle (bullish). My prediction is that it goes to 72 dollars. Hopefully, it works out :) New resistance is 70.
good luck, trade smart
this is not financial advice and this is only what I can see. Still new and learning but trying :)
will check back in a few days :)
$CHGG Cup & Handle on the dialy$CHGG Daily Timeframe: Noticed the Cup & Handle formation along with the positive analyst upgrade, I would like to see if the C & H pattern plays out.
$CHGG price target raised to $80 from $55 at Jefferies
TheFlyontheWall.com - Live News Feed
Posted 22-Jun-2020 at 08:36 am EST
Jefferies analyst Brent Thill raised the firm's price target on Chegg to $80 from $55 and keeps a Buy rating on the shares following what he described as an "upbeat" meeting with the company's CEO.
CHEGG CHARTHey traders, CHEGG is in a compression zone, a large number of sales should break it from below to breakout the break-even zone and go into the new one.
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CHGG - BREAKOUT / NEW HIGHSChegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. Strong fundamentals showing increasing earnings for the past quarters above +40%, revenues accelerating +35% consistently for the past quarters, with margins expanding and positive earnings revisions for 2021. One of the stronger stocks on my watchlist of companies whose earnings are growing not despite of the pandemic but because of it.
Stock already broke out from a pattern resistance last week with accelerating volume and an entry position for potential range expansion is shown on the chart. Expectation is for price to continue its trend up from an early stage breakout with above average volume and find support on it's 10-day EMA on pullbacks.
$CHGG Chegg Price Targets Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
Possible bull continuation at the bottom of a forming triangleTriangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we need more confirmation to enter either side, but for now I am inclining myself more to the bull side.
$CHGG Bull Flag?Earnings and guidance beat for $CHGG on 6/9. Adding to my watch list. I like the looks of this Bull Flag here. I'll be looking to enter on a close above the trend line and over the round number $60.00. I'll also want higher than average volume on any beak-out. Ideas, not trading advice.
Chegg Inc (CHGG - NYSE) - Impulse wave patternChegg Inc (CHGG - NYSE) has completed 4th wave in WXY correction double zigzag. It starts moving up in 5th final wave up, where it made 1st subwave up, now wait for subwave 2 to complete down side along with market today. Keep eye on invalidation level as stop level. Thereafter 3rd subwave will start moving up.
To buy CHEGGCHEGG
Storng Earnings with recent analyst upgrade and history of surpassing consensus estimates.
wait for the retracement on the fibnodes in the 46.90 / 47.00 area
TP 70,00
Chegg Inc (CHGG - NYSE) - Impulse wave patternChegg Inc (CHGG - NYSE) is in 5th internal wave of 3rd up. It is in 2nd internal wave of 5th up shown in chart, which is about to over and up cycle will start. Wait for confirmation to up wave after 2nd wave over. In weekly time frame in ABC is in up move, where C wave is in progress.
$chgg - a cheaters dream$chgg is the new college website that you can basically *cough CHEAT cough**... i mean, get TAs to answer all your homework questions for a fee. What college kid isnt going to spend the extra money to get chem 202 homework questions answered so they can pound whiteclaws with they boys. I think with the rise of online college after CV, we get another boost in the quarters to come. Would be looking at a possible flag or head and sholders, but waiting for a few more candles to appear. If you wana go out and buy it now, id put stop losses around $55
CHGG (05/05/2020)- UpdateCHGG was one of the best performers in Lagunita's Portfolio.
This week they beat the earning for Q1 as expected. The demand for studying online led to sales in CHGG.
However, this is too late for CHGG entry. People might sell to take profits tomorrow.
This stock will be down by 25% by the end of the summer ( school cycle).
Ideal price: $35
Target Price for CHGG is $55.
Below is the old chart.
CHGG - Bullish Ascending Triangle - May hit $43CHGG has high possibility of hitting 52 weeks high($44) in next few weeks if it continues above the flat of the triangle. Potential target is $43.
CHGG Investing Opportunities (2020)Briefly: Chegg is a study tool for students. They provide answers, samples test questions for students in many different subjects, as well as helping them to get good scores. Recently, Universities and Schools are moving to online platforms to teach students. Without a traditional lecture - in class, new changes will create opportunities for online lectures and assisting tools.
Chegg is one of the opportunity stock which benefits from this.
Financially: Chegg keeps beating investor's expectations, according to sec fillings. Please pay close attention to their revenue numbers.
Technical: Buying time, before the best time of the year (May- June) for this stock.
Chegg Inc earnings trade setup. $chgg
Possible long entry pore earnings $43.18
Target price $48.00
Stop loss $41.70
Short interest 17%
Company profile
Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
