Following up on CHWY gap play triple bottomFollowing up on the CHWY GAP play, it looks like a multi-year triple bottom is forming on the weekly.
CHWY trade ideas
1-2 week string trade on CHWY for Gap fillThis trade was pointed out by a few alpha channels I follow, it makes sense and the support/resistance have touch points from months ago. This is an easy 10% swing and if options are utilized can equate to a hefty sum just by filling the large candle of the gap.
Chewy should drop to around $20 -$21 before it rips Wave 5 isn't done yet, the bottom is near $20 or slightly above. From there it should rip to $30.
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it before the previous earnings:
Then analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately 0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CHWY | SHORT | Rare opportunityNYSE:CHWY
My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5.
Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of defense. However, when the price loses that critical line, it creates a clear path for the price to fill the gap.
Remember, trading always carries risks, but with careful analysis and a sound strategy, opportunities like this can present attractive potential gains. As always, prudent risk management and careful monitoring of the trade will be essential for success
CHWY Short PositionCHWY looks promising.
Let's wait for the price to retest the resistance line and enter the short position.
Our estimated target is 37.73$
Entry and stop loss are indicated on the chart.
Good luck!
CHWY on Watch herewatch for a gap fill around 30 which is also a trend line support, which should provide good R/R entry...
Going Long on CHWYCHWY is oversold at 33.60. After several quarters of earnings beats and lots of analysts upgrades it has gotten caught up in the recent fears of a pullback in the overall market and is overdone. if it drops below 33.56 and recovers, it can be considered a FBD (fake break down) and will be ready to run, IMHO. RSI and other indicators deeply oversold, and 33.56 represents a .618 retracement of June move off of the last earnings report. Best of Luck!
$CHWY Bull FlagHigh volume pole with decreasing pullback volume with last bar having increase in bull volume
CHWY | InformativeNYSE:CHWY
If the price of CHWY breaks above the bullish line of $40.78, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $43.72.
Conversely, if the price of CHWY breaks below the bearish line of $34.87, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $30.21.
CHWY Bullish gap and go on a monthlyThat gap?!?! On a M chart.
Wow
I'm about it. And the daily 100/200 sma support the move?
I'm in bullish. Consider doing the same
Inside day on CHWY
CHWY inside day breakout tomorrow. Has plenty of room to the top or bottom. Would like to see it test $45 area of resistance again but will trade tomorrow based on its break of the inside bar
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it here:
then Analyzing the options chain of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the $29.5 strike price Puts with
an expiration date of 2023-6-2,
for a premium of approximately $1.29
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
watching for long trigger👌CHWY recently saw a bounce from trend support and blue support zone, very bullish sign anytime there's cluster support.
break of local trend resistance/34.6 and we should see a rally to 38-45 targets
boost and follow for more! thanks
Chwy Bump into earnings 🤷🏻♂️Chwy could spike a bit into earnings. MACD and RSI reversing higher. My own opinions, not financial advice
CHWY - One of the best charts out there
Pricing crossed 60 VMA and 200 DMA in recent rally. +++
3D chart looks much better with price right on the volume shelf. ++
Recent volume could be better; suggests another pullback is possible --
Takeaway: Seems to building phase2 nicely. breakout should happen soon. Keep this on your watchlist and your portfolio for the long term.
$CHWY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CHWY after a Negative over reaction following its earnings release placing the stock in drift C.
Chewy buy4 hr momentum is current to the bullish side. This momentum has been confirmed.The temporary retrace has occured and now the market will push up. Target is shown on chart
CHWY Chewy Options Ahead Of EarningsIf you haven`t bought the all time low:
Then you should know that looking at the CHWY Chewy options chain ahead of earnings , i would buy the $43.5 strike price Puts with
2022-12-9 expiration date for about
$2.46 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
CHWY Bearish inclined naked calls 9 Dec expiryWhats The Plan/Trade/Thought
For the Month of Dec, I am looking to avoid the week of the 15 Dec, where there will probably be wilder price movement due to the Dec Fed rate hike. This is probably the start of the turning point and my strategy doesn't generally do well at turning points. I have no idea how the crowds will intemperate whatever news comes up.
While I still expect CHWY to post good earnings on the 8 Dec (One day before the expiry) I believe the 32% strike distance should be enough cushion. Option prices for 9 Dec, was also very good due to the earnings. Overall I am still bearish on the market and I do expect people to start tightening up their purchases and this includes their pets. They will focus on the necessities and not the extras.
What worries me is the CHWY's founder is Ryan Cohen and a meme stock drive would be very dangerous
Risk Mitigation
I see 47.51 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side (Y/N)
N
Trade Specs
Sold 210 Calls @ 0.24
Strike 55
32% to Strike
BP Used: 88k
Max Gain: 5040
CHWY 9/22/2022CHWY
Looking soft.
CHWY in existing downtrend under 200.
What looks like a Double top formed with a neckline support at 37.00
The neckline was broken, and price has pulled back to it. Price will look to continue downtrend.
Entry: 33.10
Stop loss: 39.45
Target: 23.15, +29.36%, 1.44 RR ratio
