Multiple Bottom with potential to gain over 40%NYSE:CHWY
Forming multiple bottoms with potential to break trend line resistance, and hit 59 which is over 40%.
Analysts' mean target price @ $59.04.
96% Institutional ownership
CHWY trade ideas
CHWY READY TO PUMPchart is clear.
price action, classic technical , channels,fib and divergence ,... .i think it is ready to pump
CHWY triple bottom Looking at the chart, i would say we can see a regional triple bottom pattern on Chewy, Inc. (CHWY).
Goldman Sachs has a $59 price target while Royal Bank of Canada $77.
Looking forward to read your opinion about it.
CHWY LongCHWY showing several areas of hitting demand zone with repeated bounces off the zone. Should wait for confirmation candle to continue higher after gap down.
Earnings watch 3/29Earnings watch 3/29
CHWY
LODE
BGRY
MU
MKC
LOVE
LULU
SNDL
ASO
RH
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CHWY long positionWe just finished Elliot wave with an ABC correction and WXY combination, we are thinking it's going to bounce off of a strong demand zone and retrace to 50 fib zone.
Entry: 38
Invalidation: 26
Target: 77
$CHWY - At critical level, watch for bounce or break down here$CHWY - At critical level, watch for bounce or break down here
- If bounces looking good to add some stocks here
CHWY bullish options ahead of earningsYesterday Chewy, Inc. (CHWY) had a strange amount of options, 1.2K Puts and 10.2K Calls, many of them expiring soon,
2022-3-18, with a strike price of $70.
2 Week Range 36.69 - 97.74
yesterday the price was $42.04
On 1/27/2022 Royal Bank of Canada Initiated Coverage for Chewy, Inc. (CHWY) with an Outperform rating and a price target of $77.00.
I aim for the 52.60 resistance short term.
Looking forward to read your opinion about it.
CHWY Bullish ThesisI love the company overall, overvalued for sure, but technicals don't lie on this one. If this is in fact an IH&S or double bottom, it could see $80+ in a hurry. Small starter here, will cut loose if breaks double bottom
CHWY: Climactic Sell Off CompletedLooks like CHWY had a climactic buyer and may be entering a reversal or range bound environment
- An Automatic Rally happened and the current weakness looks more to a lack of liquidity - which should get bid at the selling climax
- Stock is starting to look good fundamentally as well
- MACD momentum shift
- Good place to test out some small long positions with loose stops
JICPT| Chewy rebounded from 1yr low with trouble zone ahead!Hello everyone. Chewy has been down on the disappointed earning report released on September of last year.
Now, we can see clearly from the chart that the downtrend channel has been well respected with price unable to break every control high.
The nearest bearish structure is around $60-62 where my two anchored vwap lines are sitting above. In my view, this could be a trouble zone which is hard for buyers to break, unless we have surprised figures due on March 29th.
What do you think of chart? Give me a like if you're with me. Thank you for your support.
$CHWY - Top of RangeNYSE:CHWY
$CHWY had an unimpeded run up 11.22% today (2/9/22), to rest just below the trend resistance of its broadening formation (the pattern is known for increased volatility and price action as long as price remains within the pattern).
I do show $51.04 as an important level of resistance, which after passing price flattened out, but did hold.
CPI data coming out tomorrow might be enough to push $CHWY higher, but I think it's more likely that the ticker continues to trade in its current pattern, dropping in the coming days with the $46.47 area as support, with a potential bounce to even $56.02 if the trend continues.
Options flow remains bearish, but slightly less so. I would assumed that traders are playing the broadening formation while it lasts.
$CHWY - Bullish Engulfing Signals Potential ReversalNYSE:CHWY
After a long downtrend, Chewy may have found it's bottom. Jan 24 gave a Bullish Engulfing candle at the $37.11 support.
RSI poking above 50 for the first time since late Nov '21. MACD curling. Buy volume has been increasing since early December '21.
Showing more buy volume and greater daily price action as price moves closer in an expanding pattern to the Aug '21 trend resistance. $51.04 and $56.35 are key levels to break, or a break outside the Aug '21 trend resistance. Otherwise this may be another bear flag in the downtrend.
RSI, MACD, high buy volume, and increase in price action make this a promising watch. It's also possible to see this rejected at resistance and form a double bottom before being able to break out.
Don't anticipate the move, but this is one to keep an eye on in the coming weeks.
CHWY Long - Bullish BatLong CHWY, bullish bat harmonic formation. Growth stocks are definitely risky right now, so watch carefully.
Time To Take A Bite Out Of Chewy (NYSE: $CHWY) 🍪Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 70,000 products from 2,500 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida.
CHWYNot ready yet imho
If yes, need to break out of the upper trendline first then we can re-assess
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