Chewy, Inc.Long
CHwY
Chewy stock has regained attention and seems to have great momentum.
It has pulled back off of 36$ with a low of 33.70 today. However if we look at the overall pattern breakout, chewy seems to be on the breakout of a large ascending triangle. If we can remain above 33$ this can be the start of an ever larger uptrend for the stock.
I am positioning into CHwY here in some calls for this33.80-34.70 area. Looking for 40 -42 on the next push
If we lost the flat support and closed below as resistance I will close the trade
It has pulled back off of 36$ with a low of 33.70 today. However if we look at the overall pattern breakout, chewy seems to be on the breakout of a large ascending triangle. If we can remain above 33$ this can be the start of an ever larger uptrend for the stock.
I am positioning into CHwY here in some calls for this33.80-34.70 area. Looking for 40 -42 on the next push
If we lost the flat support and closed below as resistance I will close the trade
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.