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

Chewy, Inc.

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CHWY trade ideas

CHWY : A PET LOVERS CHARTI know my husky is excited about CHEWY reporting earnings this week. With market profile supply around $80 I must be bearish . There is a lot of areas of supply above those levels. The trendline that began last year in March was finally broken in April this year with a close below the trend line . It rallied afterwards for a few days but all it was, a dead cat bounce, where hopium took over the buyers believing that it was the bottom and the new rally would begin. It continued dropping and it had no problem breaking the trendline once again but with more force to the downside that time. To not my surprise it rallied from an area of market profile demand where a continuation formation was seen kissing the 20MA giving us confluence and a stronger signal to go long, but that is all in the past and what we should focus is on the present and future. The previous trendline has turned into a polarity trendline where previous Support held but now Resistance stands. I am expecting price to hit its head there. I will see how price creeps up prior to earnings and when the time comes I will look to buy the $72 puts, I will do so when price hits $80.23 or if the momentum is to high I will go ahead and wait for it to hit its head on the $86 level of supply. I will not ignore the evidence of changing circumstances but as of now in those levels I am bearish . Not looking to go long anywhere until the $71.25 area. #TTP #TrusTheProcess
NYSE:CHWYShort
by aramBull_Bearnando
1
Is $CHWY a $100 stock? *Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* *I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.* My team and I have had our eye on Chewy ($CHWY) for some time, and in its current bullish trend we believe this pet-good provider has potential for both short and long term growth. Their most recent earnings report was a breath of fresh air, going against analyst expectation of reported loss. We believe that in its current operations, Chewy could potentially control their market simply based on the large variety of products they provide, as well as the level of convenience they bring their customers. Their lack of a brick-and-mortar setup allows convenient direct-to-consumer distribution, cutting out the middleman of a company such as Petco ($WOOF). The Coronavirus pandemic shifted consumer wants and needs, many consumers are searching for convenience in the delivery of their goods, and Chewy's operations have been set up to provide that convenience since its founding. Many companies have had to shift their operations to meet this demand, while Chewy has been able to grow in its operations in the past year; the company is in the midst of a 70% growth spurt from in a one year period. We believe this company is worth a share price of $100, and we believe its current valuation of $80 per share is low. My team secured an entry on Friday afternoon. ENTRY: $80 STOP LOSS: $70 TAKE PROFIT 1: $95 TAKE PROFIT 2: $100 TAKE PROFIT 3: $110 Check out my team over at @SimplyShowMeTheMoney Members of our team are followed there.
NYSE:CHWYLong
by tradebuckets
1
CHWY: Bearish Thesis Holds, Point and Figure Updated Price TgtsChwy continuing to get punished to the downside - We hit the preliminary point and figure target of 70 but further downside is entirely possible - Using the longer term point and figure distribution we should be going lower - Using the the wedge (captured via bar charts) confirms this Fundamentally CHWY is getting dragged down along with the entire IPO basket; higher inflation will lead to further compression of multiples on growth However, my view is that inflation will be fleeting once more reenter the workforce and shares will be absorbed somewhere in the 50-60 price range PFP assumed 5 bar reversal, 2 points per unit
NYSE:CHWYShort
by quantitativetendies
$CHWY - Diving board breakout watch - target $92$CHWY just formed a diving board pattern. If the breakout happens, it can get to $92. best case - 92 good case - 87 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:CHWYLong
by PaperBozz