CHWY - Up but still in a channel. Watching for a confirmed breakout over $45 to issue a buy. Given the sentiment of the market it would not surprise me to see this drop back into the $40s as the market ebbs and flows. This will 100% go higher, but i believe we will see another chance to get a better buy in price.
Reasons I like $CHEWY outside of chart:
1. I should've put down a ton of money on this after the 3rd chewy box came in.
2. They deliver dog food to your door and allow for auto reorders.
3. Animal lovers know that they cannot guarantee the products they buy off amazon inst some Chinese bullshit laced with chemicals that going to kill your dog.
4. They send out birthday cards and sympathy cards for pets. (They customer retention and customer service is better than walking into a strip club with 10k in your pocket)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.