CHWY Great Trade setup! Bearish Rectangular Great setup forming for a trade on CHEWY. Its currently trading in a bearish rectangular pattern and could have a breakout soon. Stoploss should be above resistance if going short or below support if taking a long position. Hope this chart pattern helped! Shortby Lilbuddadude0
$CHWY Chewy Inc Bullish Above $89 Potential trade setup on a break above the Pivot resistance. Yearly candle open may prove to be a level of resistance to any rally higher. Reasonably high short interest at 15% may help .Longby Xclusive-Trading13
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 by Options3603
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. Longby TeaboUpdated 7
CHEWY Buy! Buy! Buy!Chewy we have a predictable pattern along with a few other conditions and confluences in place to take a long. first we have a consistent pattern of the symbol rising 3 days than it fall for 3 days than repeats it is now due to go up for about 3 days of rise in addition to the range like 10 dollar zone being respected. good luck !Longby raidenfx1
Chewy going to 258Nah just messing with you kids. I would be short chewy. It’s going to drop in a massive way. I just like telling you kids to go long so you blow your little accounts and continue living in your parents house. Get a job kids. Shortby CJS040
CHWY - Opportunity to stake?CHWY is currently @ 79, 34% off it's recent high of 120. There is a one year Trendline Support looming up at 78 and the 200 day Moving Average at 75. Probably a good time to accumulate with a tight stop loss about $1 below 75. As the moment is still weak at the moment with RSI trading below 40, a more conservative entry is to wait for it to go above today's candle high at 81.7 before staking. Trail stops up should the trade work out! 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 ! :) Longby Juliac662
CHWY inside week breakout longChewy is related to 2 of my major focus in 2021: 1. Pet stocks 2. GME and here we got this inside week, if it's able to break to the upside, I'm willing to establish some long positions. Let's see how it goes!Longby Trader_Joe_Lee4
CHWY: The Covid Re-Opening Is Not Going To Stock This Tail WagChewy has taken a breather since it hit it's ATHs in mid Feb. This is a secular drawdown due to the recent rise in rates that has hit all high growth stocks. There is also a perception on this name that it is a "Covid Play" and that it won't continue to gain market share and grow at the same rate during Covid. Yes- CHWY did get incremental growth from Covid lockdowns, however new pet owners who have always used CHWY are not going to start going into Petco to get their food, toys, medicine and other pet related items. They will stay with CHWY. I think CHWY has developed a strong support level at ~$100 and any dips below that should be bought. I am tracking an $97 support level as well from it's low to start the year. If it broke that $87 level I would re-evaluate the situation. My 6-Month PT is $125.Longby RobertTheTraderUpdated 2
NEW POSITION $CHWY Target 106.53 for 22.94% Or double at 66.77$CHWY Target 106.53 for 22.94% Or double down at 66.77 I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. Longby SPYder_QQQueen_Trading3
initial Pattern completed. Levels to watch.Buy on the pullback, short to dust or wait and see? Chewy had an amazing 2020. It's very popular and growing but highly valued. Also, it gets lumped in with "covid" stocks like pton and tdoc, which isn't totally fair. Nice bounce off intermediate trendline on Friday, but market weakness is here and presents challenge. The SP has just corrected and is now in the process of deciding what's next. Earnings 4/1. Here are some levels I'm watching... by Dogshit_Trading443
CHWY Long Term Outlook $CHWY D Time Frame update.... Completed 5 impulse waves up and came a few cents off my wave 5 target from previous analysis... Now with market volatility and uncertainty where do we go now? Stimulus is being passed to the house to finalize the package, If we do get the stimulus keep eyes on retail as consumer spendings should increase, which means .... more pet toys and pet products! CHWY is a strong online pet retail brand and has been doing well during this pandemic! If you are a pet lover here are some other pet related stocks that you can invest in ($WOOF, $PAWZ, $TRUP, $PETS) ... $PAWZ is the ETF that has lots of great holdings that are pet related! CHWY is one of their top 5 holdings as well.Longby jUiCE_Trades446
CHWY proyección próximas semanas CHWY proximas semanas analisis posibles entradas y target by SySonda0
CHWY: Rising WedgeChwy has had quite a run up but now weakness is coming. 1) Weaker MACD signal on the run up 2) Bearish Wedge consolidaiton 3) Lower volume (confirming of a rising wedge) Will face some headwinds amidst expected forward rising inflation which will reduce margins and push the profitability potential around in the future. Good time to exit long and start considering short.Shortby quantitativetendiesUpdated 111
;) trend channel doesn't lie great trend channel here and could easily break it if market is bullish next week. conservative price target 121 in the short term. goodluck :)Longby Vibranium_Capital23
CHWY Bullish Continuation from C&H CHWY has recently formed a cup and handle pattern near all time highs. Broke through with the handle with exceptional volume, expect a continuation and push into high 120s possibly 130s Chewy last issued its quarterly earnings results on December 7th, 2020. The reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.05. The firm earned $1.78 billion during the quarter, compared to analysts' expectations of $1.73 billion. Its revenue for the quarter was up 44.9% on a year-over-year basis. Chewy has generated ($0.63) earnings per share over the last year. Longby Trader_D0N0
$CHWY AlertA lot of great investments come from what we see around us everyday, as well as the volume in what we take in. Evidently CHWY has been everywhere I look. Almost every other house has an empty CHWY box out front, not only AMZN anymore. Viewing from a more technical view on their 1D chart they seem to have broken through their ascending triangle. While they are seeking to set new highs we have been successful in achieving 70% + short term gains, I still believe there is a lot of long term potential here to be had. Longby SpearTrading0