CHWY Multi Time Frame Analysis Price Target 94.32 🎯
Multi Time Frame Analysis on Chart
Entry on Break of 77 with Confirmation
Risk/Reward: 4.95
Invalidated below 73.50 ❌
CHWY trade ideas
CHEWY tumble, potential low entryChewy took a tumble on it's negative earnings, providing a possible entry point on support and fib confluence.
CHWYAfter earnings CHWY sold off, decent gap to fill from 81-86.
It could go higher from 86, but once CHWY gets back to 81 it'll retest 86 - thats my target level.
I like calls once this stock gets back to 80-81, it closed at 79 yesterday.
It shouldn't take too long to get back to that price level, there was a lot of buying volume on yesterday 'sept 2nd'.
CHWY Channel bound, Next PT 113?Chwy stock is channel bound right now. Likely will see more downside, but appears to be a BTD as we head to channel uptrend support. If earnings are good we could see channel break out and send this thing to 113 range
JICPT| Chewy bullish setup works, approaching target1!Hello everyone. This is a follow-up post regarding the bullish setup of Chewy published 10 days ago. Price has been up by ten dollars from 85.38 to 96.94 as of now.
The first target is 100 with the second one around 120. The logic of the setup remains the same. If you're interested, please refer to the linked idea below.
It couldn't be better to watch the setup works. If it doesn't, I'd like to review the process, and try to figure out there is any missing part. If it caused by the breaking news, I would let it pass and focus on the next one.
Give me a like you're with me. Have a nice weekend!
$ChwyMissed entry at trend line bounce but my preferred entry is a break and retest of that weekly pivot for more upside to the following targets. Could’ve took a earlier entry but want to see how it’ll play out.
CHEWY 105 PTCHEWY is looking good for a breakout of an ascending triangle
105 pt measured move takes us to about 107
CHWY to 100 before earnings - dips are a buyNYSE:CHWY
Still seeing strong momentum on the daily and 2H. Sub 90's are nice dip buys. Should see a quick rip to 100 once it breaks supply at 92.
Invalidation will be below demand zone.
$CHWY - Above 92 target 98$CHWY - Watch for bounce at 87 for 92 target & break above 92 target 98 and below 87 - 86 & 83
CHWY CHWY CHWY IF YOU NEED 40%BUY : NOW 83$-86$
STOP LOSS : close 1D below 77.65$
Target : The black line until 122.88$
Regards,
Hamoud
Nice breakout on CHWY today + decent trendline support latelynice breakout on CHWY after it broke the big resistance around 87-88! congrats if you scalped to 90.5...
RSI still not in the extreme overbought range so we can see some more upside until 92-93 resistance in the short term. I'm bullish long-term as well, as long as bottom trendline support holds. potential rally to 100+ with a green market. goodluck! don't forget to like and follow for more.
JICPT| Chewy bullish setup with target of 120! Hello everyone. I just identified a nice bullish setup of Chewy on the daily chart. Let's look at the higher timeframe first.
Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics.
Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone.
This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m.
Give me a like if you're with me. Thanks for your support.
CHWY. Pets are royalty! For the past month, I have been holding a decent amount of CHWY stock, and have been watching the chart very closely. As time goes by, more and more people buy pets, AND treat their pets like their children. With that being said, this company has a very bright future ahead of it in my opinion. People constantly buying food, toys, bones, and products for their pets, and there's no better place to do so then on their website! Given the fact that they are indeed a website, this is very good for their annual revenue, as they do not need to worry about the average costs it takes to run an in-person store. This is also key in the fact that since Corona Virus has started, more and more people do their shopping ONLINE, driving in a ton of more customers to their platform. As for Earnings, they have beat them for the past SIX reports, beating them by more and more each time. Fundamentals=Beautiful. As for the Technical side of things, looking at the daily chart, it seems to be in an Inverse Heads & Shoulders formation, which more times than none, tends to be bullish. For the past week, it has been fighting light resistance at around the $90 area. The key word there, is LIGHT, as I believe if we do in fact get a breakout, that will push us through the final resistance of $92, sending it back into the $100's. As for my entry, I had originally bought in at $81, and have averaged my way down to where my price average is now, which is $77.50. I truly believe in the GROWTH, as well as the sustainability of this company, and plan on holding over the next few years.
CHWY in position for repeating waveBeautiful long term channel on a fundamentally solid name. Two notable resistance areas marked for the right side climb. I believe we are looking at $200+ into 2023.
Great setupNYSE:CHWY
Pretty clean looking setup. Broke & backtested trend coming into res for a double top while clearing alot of vol nodes. Might pull back a bit before the launch but this looks like its going to make a move much higher. Plan on taking some Aug monthlies!
CHWY continuation 90 break -> highsInv H&S in 75-88 range... 88 breakout level 90->92.60 break-> retest ATH
chwy Idea Gold lines are old support lines from past trends that i expect to be key to the trade moving up. dotted white lines represent weak support or trend lines in the trade and should be taken with light worries depending on size of trade
CHWY. Long. Complete SetupCHWY is showing a 90 USD target on the short-term. An inverted-hammer on 4H and 1W doji - reversal bullish MACD shows us a huge potential.
