Chewy, Inc.
Long

🟢 Idea about Chewy

53
Chewy Inc. is an American online retailer of pet food and other pet supplies based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $ 3.35 billion, the largest transaction in the e-commerce segment at the time. The company went public in 2019, having managed to raise $ 1 billion. Revenue $ 7.15 billion (2020). Capitalization $ 29 billion

A trade on the breakout of the support level.

1) The price approached the strong level of $ 72.6.
2) Closing of the daily candle near the level and under the very LOW.
3) There is a large power reserve at the bottom.
4) Pulling local highs to the level, they are not allowed to go up.
5) Sparse horizontal volume by level.

Goal: $ 70.2

NOT IRR.

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