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Chewy, Inc.

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CHWY trade ideas

CHWY Short Term IdeaCHWY is forming a descending triangle pattern on daily chart, which gives us some short term plays that we can possibly profit from. Currently sitting on some support, looking to clear the volume shelf and enter @ 77.75. The plan is to ride through the breakout area up to ~ 78.77 before hitting the resistance coming from the downtrend line. This is looking to be a scalp play and could happen relatively fast. Keep a stop loss just under the low of recent candle on 30 min chart.
NYSE:CHWY
by VaultTrading
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.
NYSE:CHWYLong
by bishopknight
CHWY - AccumulateCHWY has been hovering around it's trendline since 5 March. It gapped up strongly after earnings on 31 March but soon gave back all the gains and trading sidways for the past week after gap close. Meanwhile, RSI has been slowly trending up towards 50. We are likely to see sustainable upside once RSI is able to cross above 50. Long with initial stop loss @ 77.80 (about $1 below the trendline). May look to scale out partially between 95-98 shoud trade goes out way and ride the rest up with trailing stops. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NYSE:CHWYLong
by Juliac
Chewy Pet Supplies looking interesting after earnings.The pet supplies space was particularly bullish last year with everyone staying home because of Covid and pampering their pets so I have a few of them on some of my watch lists. Chewy has had quite a big pullback, but yesterday their earnings (or rather how much they were losing) came in better than expected and saw buyers move back in. OBV has broken up through its MA 14, and RSI has crossed back above 40. Both signs that a bit of a recovery might be underway. Its been hovering around its support area for a while without falling back through it, so would seem a lower level of risk if you wanted to take a punt. Might be worth a look.
NYSE:CHWYLong
by zAngus
Chewy Q4 earnings beatChewy (CHWY) reported 4th Quarter January 2021 earnings of $0.05 per share on revenue of $2.0 billion. The consensus estimate was a loss of $0.09 per share on revenue of $2.0 billion. Revenue grew 50.8% on a year-over-year basis. The company said in its shareholders letter it expects first quarter revenue of $2.11 billion to $2.13 billion and fiscal year revenue of $8.85 billion to $8.95 billion. The current consensus revenue estimate is $2.08 billion for the quarter ending April 30, 2021 and revenue of $8.84 billion for the year ending January 31, 2022. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NYSE:CHWY
by Options360
CHWY faces resistance ahead but in a strong position As many traders have analyzed, recently nice (double) bounce off trendline extending back from July (perhaps even further if you draw from the wicks - I prefer to draw from the body of the candle) which has staged it nicely as still in an overall uptrend. I believe it's in a good position to push through this resistance band and the temporary downtrend (red line) that's spawned since Feb. Looking for a solid push through 88-90 and test that band as support before moving further upwards. Hopefully regain its 50 day sma at some point in the next few weeks. MACD looks potentially set for a crossover but that can change quickly.
NYSE:CHWYLong
by Teabo