CHEW on this one $CHWYIndicators pointing to an uptrend, could do well at earnings as an online retailer
CHWY trade ideas
Chewy is the Amazon.com for Pets!** Comments and Likes are appreciated; Subscribers are pet lovers! **
What I see...
:: Stock went IPO 1 year ago
:: Formed a based for a good 6 months
+ Steady rise within channel since mid-March low
+ Peaked at $48 back in early April and pulled back to 0.618 Fib and has been bouncing in between fib for a month!
+ Last week prices bounced off of 50MA
+ Friday had a strong close above 10MA
+ RSI is at 66
- Fib is below signal bar
- 1st Resistance at high 47
- Vol. is on the low side
- Bollinger is wide
What I setup...
+ Long entry above channel high
- Stop under Friday's low
+ Target at 1.618 Fib
:: Duration - 2 to 3 weeks
Potential Double Bottom on CHWYLooking to get in at the neckline of the double bottom on CHWY (Daily)
Support buy for CHWYNYSE:CHWY Buyers held the 50 day MA along with it being an inside day. I'll be looking at the possible support buy through the 41 against the lod.
$CHWY $CHWY held 40 support on yesterday late day drop. Looking for a bounce into 42 resistance. $45 MAY22 call flow hit yesterday early afternoon. See if they know something
CHWY Bouncing Off SupportToday is the second time CHWY has tested support since breaking out from it's IPO base. I'd prefer to see a close above the 20-day EMA but willing to overlook it considering the setup. Stop below today's candle
$TAP $UPS $CHWY $NVAX - 4 More Early Long SetupsThis is another set of early long setup scan results from my pullback strategies.
Remember - A good trade is - Definable, Manageable and then Profitable. So, Define your Risk, Manage your Risk and eventually you will be profitable.
Good Luck.
If trading options - The Vol Skew can be your best friend. Choice of Strike defines your Profitable Trades.
Strong Stock With Retracement, Support, and Bullish DivergenceCHWY is a strong stock at a level of horizontal support. It is breaking its counter trendline resistance. It has bullish divergence between price action and the CSI(10) oscillator on the hourly chart. I am using the next level of support as a stop loss and measured moves from my take profit, which are congruent with historical resistance price levels.
$CHWY can fall in the next daysContextual immersion trading strategy idea.
Chewy, Inc., together with its subsidiaries, engages in the pure-play e-commerce business in the United States.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $39,09;
stop-loss — $42,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Chewy $CHWY$CHWY is looking for its support. After break out, it is bounced above the pivot resistance.
CHWY: Ready to head into next swing. Awaiting confirmation01/05. After a good swing we are now already in pullback phase testing the fib_0.382 level as support. Still awaiting confirmation by crossing ema_8d and/or oscillators (RSI bounce of 50).
Plan:
Take Profit: < $50
Entry: latest on $44.22 (fib_0.236).
Stop loss: fib_0.382
It is about to Lose Momentum and Turn into a Falling KnifeIt is about to Lose Momentum and Turn into a Falling Knife. There is no reason for this company to soar while the whole market is crashing. I believe $29.99 is more of a true value for this company's stock price.
Sold the call I bought for earnings. Lets see if it can continuewaiting for pull back to enter again
$CHWY long swing ideaBack in $CHWY long $34.88 with $31.88 stop loss. Looking for a move back up to the all time high @ $41.34
It's not over yet.CHWY beats earnings but comes out with bad news however, EMAS look very strong still and 3 days have been red, tomorrow could be a green day for CHWY
CHWY broke support at 27.6, targeting downside toward 23.5CHWY broke down from a month and a half top below the 27.6 support area. Momentum and trend indicators remain bearish, indicating further downside towards the 23.5 area.
Happy Trading!
