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Chewy, Inc.Chewy, Inc.Chewy, Inc.

Chewy, Inc.

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CHWY trade ideas

Can They Build Some Short Term Basing?As much as I want to be bullish on CHWY, I think it requires more and time price. Resistance is obviously at 31.95 and another upside level at 32.89 / 34.30. Downside remains the near support level at 31.34 and lower levels of 30.72, 30, and 29.20. I'd be looking to see if the stock can begin to build on a base with large volume and continued higher closes from the prior close. We will see how this plays out with the stock. Good thing for the company is they have outstanding service (as a customer) and pets will always require purchasing demands. But, like other retailers, CHWY has the hurdles of overhead, shipping, inventory, and much more. I'll be watching to see how the price action revolves around the levels mentioned above. Just like healthcare; people will need to continue to feed their pets and acquire goods and services for them. So, how will economic conditions impact the purchasing power when it comes to 'finding the best deal'?
NYSE:CHWY
by bsdvs23
1
#3 Bullish Pattern: Cup and HandleRanked at #3 in the Bullish Pattern series is the Cup and Handle Pattern. Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle. The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup. There are 2 types of Cup and Handles. U shaped -A longer, flatter bottoms provide stronger signal. V shaped - V quickly recovers, should be avoided. Handles decline can be up to 1/3 of the cups right side with traditional handle performing a test at the 50% retracement level. The price target is calculated using the bottom of the cup and the handles breakout. In the case of CHWY, the breakout to the price target is nearly complete (may already be in at 52). The next bullish pattern is #4 The Bull Flag
NYSE:CHWYLong
by SPYvsGME
7
Time to Buy CHWY 🐾 Yesterday Chewy (CHWY) 🐾 saw the largest volume in trading since the IPO in 2019. It is firmly within the downtrending channel, bouncing off the bottom in fact, so if you order everything from pet toys to pet treats to kitty litter, this might be an area of interest to begin nibbling. In this market, scaling into your position is the wisest thing a retail trader can do. For example, if you plan on buying 100 shares total, start with increments of 10 or 20 shares on pullbacks until your position is complete. *This strategy can be used for stock picking or options trading, yet beware of options premiums in this volatile market. Good luck! Zach B.
NYSE:CHWYLong
by zwburger
Earnings watch 3/29Earnings watch 3/29 CHWY LODE BGRY MU MKC LOVE LULU SNDL ASO RH Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. 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 analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd 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 tickerTracker - MFI Oscillator www.tradingview.com
NYSE:CHWY
by Options360