$chwy your mom loves it, your dog loves it, and right now banks and hedge funds love it. #chwy is just primed, this weekly chart shows a wedge formation, just above the decade VWAP, last time Chewy touched that it rose 30% in one month. You will not get it cheaper unless the announce they are going out of business, absolute bottom is 65.55, it's been hammered by the big boys and now it's time to load up. I am so long and very bullish. Not financial advice risks are your own.
Commento:
Still long averaged down
Commento:
it is trying to test the demand zone at 60 and will likely hit it, I have averaged here and am looking for this to turn around once irrational fear in the market has dissipated, will be an easy trade into the new year.