CHWY 📅 Entry: July 15, 2025
📉 Price: 37.80
✋ Stop: 35.82
🎯 Target: 50.87
⚖️ Risk-Reward: 1:6.6
✅ Status: Active
🧠 Trade Idea:
CHWY is testing the lower bound of a well-defined ascending channel, while also bouncing from the 150-day simple moving average (SMA150) — a strong technical support area.
Additional bullish signals include:
The price is significantly stretched below the 20-day SMA, suggesting a potential mean-reversion move.
The Commodity Channel Index (CCI) is deeply oversold (around -143), starting to curl upwards — a classic reversal signal.
There's an open gap above near the $47 level, providing a natural swing target.
📌 This trade aims to capitalize on a high-probability reversal setup, with strong confluence of support, momentum shift, and attractive risk-reward.
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Trade active
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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.
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.