Support buy for CHWYNYSE:CHWY Buyers held the 50 day MA along with it being an inside day. I'll be looking at the possible support buy through the 41 against the lod.
CHWY trade ideas
$CHWY $CHWY held 40 support on yesterday late day drop. Looking for a bounce into 42 resistance. $45 MAY22 call flow hit yesterday early afternoon. See if they know something
CHWY Bouncing Off SupportToday is the second time CHWY has tested support since breaking out from it's IPO base. I'd prefer to see a close above the 20-day EMA but willing to overlook it considering the setup. Stop below today's candle
$TAP $UPS $CHWY $NVAX - 4 More Early Long SetupsThis is another set of early long setup scan results from my pullback strategies.
Remember - A good trade is - Definable, Manageable and then Profitable. So, Define your Risk, Manage your Risk and eventually you will be profitable.
Good Luck.
If trading options - The Vol Skew can be your best friend. Choice of Strike defines your Profitable Trades.
Strong Stock With Retracement, Support, and Bullish DivergenceCHWY is a strong stock at a level of horizontal support. It is breaking its counter trendline resistance. It has bullish divergence between price action and the CSI(10) oscillator on the hourly chart. I am using the next level of support as a stop loss and measured moves from my take profit, which are congruent with historical resistance price levels.
$CHWY can fall in the next daysContextual immersion trading strategy idea.
Chewy, Inc., together with its subsidiaries, engages in the pure-play e-commerce business in the United States.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $39,09;
stop-loss — $42,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Chewy $CHWY$CHWY is looking for its support. After break out, it is bounced above the pivot resistance.
CHWY: Ready to head into next swing. Awaiting confirmation01/05. After a good swing we are now already in pullback phase testing the fib_0.382 level as support. Still awaiting confirmation by crossing ema_8d and/or oscillators (RSI bounce of 50).
Plan:
Take Profit: < $50
Entry: latest on $44.22 (fib_0.236).
Stop loss: fib_0.382
It is about to Lose Momentum and Turn into a Falling KnifeIt is about to Lose Momentum and Turn into a Falling Knife. There is no reason for this company to soar while the whole market is crashing. I believe $29.99 is more of a true value for this company's stock price.
Sold the call I bought for earnings. Lets see if it can continuewaiting for pull back to enter again
$CHWY long swing ideaBack in $CHWY long $34.88 with $31.88 stop loss. Looking for a move back up to the all time high @ $41.34
It's not over yet.CHWY beats earnings but comes out with bad news however, EMAS look very strong still and 3 days have been red, tomorrow could be a green day for CHWY
CHWY broke support at 27.6, targeting downside toward 23.5CHWY broke down from a month and a half top below the 27.6 support area. Momentum and trend indicators remain bearish, indicating further downside towards the 23.5 area.
Happy Trading!
Chewy $CHWY Chart bit cluttered but working on my TA SkillsNo position just for study.
Comments welcomed. Feedback welcomed.
NYSE:CHWY
CHWY Lockup Period OverIPO lockup period is over, guessing there will be some sellers since the IPO price was $22. There will always be people taking the easy money.
Chart pattern is bullish, so it might get a pop tomorrow, going into next week's puts, will add if it closes the gap above.
If you're bullish on this company, wait a coupe of weeks before entering.
CHWY - Rallying towards 29 to 30 Target Zone CHWY has been rallying out of the 21-22 area over the past few weeks as the 6-month lock-up period expires on 12/18/2019. The near term target zone is in the 29-30 area.
Happy Trading!
$CHWY LONG OUT OF ROUND BASEBREAKOUT OF THIS BOTTOMING PATTERN HAPPENS TO TARGET NEXT OBVIOUS AREA OF SUPPLY, $35.50 OR SO.
$CHWY Is A Speculative Buy$CHWY is a speculative buy. We are labelling it as speculative because of all the unicorns that have IPO'd this year and have performed horribly. However, a number of people are coming out and saying that the stock is interesting, including Whitney Tilson and Credit Suisse.
Credit Suisse thinks Chewy's (NYSE:CHWY) revenue momentum will translate into profitability down the road.
The firm notes that shares currently trade at only 1.6X the 2020 EV/sales estimate, which it calls a "de minimis premium" to its $22 listing price and a "notable discount" to a broader peer group of e-commerce retail platforms (4.6X), animal health products and services (3.4X), as well as healthcare IT services companies (3.7X). The analyst team says the Chewy share price doesn't fully reflect the rapid growth trajectory and longer-term profit opportunity.
CS has an Outperform rating on Chewy and price target of $29.
In recent trading action, there were concerns over lockup expiration.
Shares of Chewy (NYSE:CHWY) are up 5.22% on the day and are now 17.21% higher over the last five sessions.
On the positive side of the ledger, William Blair was out with positive comments today and The Wall Street Journal's Heard On The Street column maintains that the 1.7 forward sales multiple on Chewy is not unreasonable for a rapidly growing company.
Perhaps most importantly, the expiration of the Chewy IPO lockup period hasn't created a wave of selling today.
Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 45,000 products from 1,600 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida. Chewy, Inc. is a subsidiary of PetSmart, Inc.
As always, use protective stops and trade with caution.
Good luck to all!
