CHWY trade ideas
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.
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 !
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.
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 ! :)
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!
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.
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.
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...
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.
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.
;) 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 :)
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.
$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.
CHWY BreakoutMy Opinion:
CHWY appears to be breaking out...
Not going to chase the run, unless slight pullback...
Thoughts?
CHWY Acting Well at Key Moving AveragesCHWY continues to find support at the 10 and 20-day EMAs. The breakout on 01/13 failed to get going and likely shook out a lot of longs. Today looks like it may be trying to extend out from this consolidation. Really easy spot to put on a position and manage risk with the stop around $98. It's possible that this one moves slowly at first as it grinds through supply. Hoping we get a handle near the highs to add to my current position. Long
