$CHWY In the short term, there is potential for price depreciatiWith my expectation that the company in the next report will provide good financial results, but now there is an oversupply and a large and rapid rise in value
CHWY trade ideas
CHWY new ATH? PT 110CHWY broke out and held above its bull pennant, i would look for entry near 103.05 or wait for break of 105.30 to retest ATH. If it can hold above 106.50 tomorrow we could see 110 by eow. I would be careful with Chwy as it is very extend and overbought on the higher time frames, correction is coming soon but I have high hopes for this to run during this Santa rally.
BC Applied Fundamental Analysis F2020 PortfolioEqual weighted portfolio given Oct 29 prices.
Company Name Ticker
Chewy CHWY
Draft Kings DKNG
iRobot ROBO
Lemonade LMND
Lithia LAD
Nvidia NVDA
Protolabs PRLB
Ryman Hospitality RHP
SmileDirectClub SDC
TREX Company TREX
SPY and QQQ are added for reference.
This is an un-rebalanced portfolio
CHWY HUGE BREAK OUTI didnt post this but we got these at $45 now just touched $100. I would not get long now wait it out
CHWYLong. I left the trend lines off. This is my usual set up. Maybe someone can explain how to use those fractals correctly?
CHWY - 4H chartAfter achieving the target and winning 29.00%
Prices have entered the potential reversal zone
SELL 94.00 to 89.15
T1 77.90
T2 67.55
SL closing up 98.55
CHWY analysis CHWY has been on an uptrend for quite some time. As seen on friday, CHWY was able to continue rallying upward even when the SPY was down. Buyers are clearly in control with this pick. I believe that we still have room to run up to before we see a pullback, the blue box serves as a selling zone, to one of the strong support lines. We have a price prediction using the fib retracement where we look to test resistance, and VWAPS all indicating buyers are dominating the market. Any criticism is more than welcome.
Woah... Hello CHWY! What an absolute bullish baller!
CHWY is overall up 160% in 2020, as it turned out to be a hot growth stock in 2020 thanks to the coronavirus pandemic that accelerated the shift toward online shopping for pet products. The company's revenue jumped 45% over the prior-year period to $1.78 billion, comfortably ahead of the $1.72 billion Wall Street estimate. Its gross margin increased 180 basis points year over year to 25.5%, helping the company reduce its adjusted net loss to $7.7 million during the quarter from $39.6 million a year ago.
Investors are eager to jump in the CHWY train, especially with the help of the fantastic earnings report they recently gave. Price jumped exponentially to an all-time high as a result.
I expect some natural retracement to occur. But just by looking at the overall chart on the 1D, the 50 MA has proven to be an excellent measurement of support. The plan is simple: patiently wait for retracement, and jump in as soon as it hits that 50 MA.
Happy trading!
CHEWY 1D WEDGE BULLISH BREAKOUTGreen 20 sma uptrend
Purple 60 sma uptrend
Gold 120 sma uptrend
Blue 200 sma uptrend
Volume 100% ++
Ascending Wedge
Large body breakout bullish candle
Trading Idea shared by Wendy from TSG
CHWY DropRising Wedge can be seen forming on chewing coming into earnings.
We will probably see a drop happening right before earnings.
Not sure how they will do, but this is definitely one of the most anticipated earnings.
I'm thinking big moves in either direction.
They just hit an ATH recently
Long CHWY heading into earnings next weekUptrend still intact. Stock is trading in a channel and has plenty of upside. The next major catalyst is the earnings on 12/8
$CHWY - needs volume or news It needs something to return to its all time high. How about Amazon is looking to buy them? That would be great news. Just need it to happen. Holding onto this one because it has produced better earnings than expected over the past two earnings. Hold on tight, could be a disappointment.
Not my favorite and I would not recommend it, but I am already in it so I am braced for impact.
CHWY - daily chartThe prices formed a symmetrical triangle and broke the upper bound of the triangle with a high execution volume, so I recommend buying for a target of 96.00 and a stop loss if it closes below 58.50
89.15 to 94.00 is the potential reversal zone
CHWY Daily ChartFor CHWY, it closed at 72.29. Ideally, you want CHWY above 74.26 for calls. ATH if it breaks as the resistance if not it will most likely hang around the channel of 70.63 and 72.68. Below 70.63 you can play puts. Or if it gets rejected at 74.26, look to short it to 72.68
Chewy to hit new highs come earnings.NYSE:CHWY Chewy is creating a bull pennant which especially with earnings coming on the 8th gives Chewy the chance to reach new all time highs or fail the new highs with a double top at its previous high.
