CHWY: Bearish Flag (Bull Trap)
-Great earnings performance by CHWY
-Those who missed profit taking on the wedge will probably seek to do it now
-Some consolidation is happening today (strong rally in the post session, weakness in the intraday)
Tech is kind of finicky so maybe a stop in the low/mid 90s so as not to get stopped out on volatility
-Those who missed profit taking on the wedge will probably seek to do it now
-Some consolidation is happening today (strong rally in the post session, weakness in the intraday)
Tech is kind of finicky so maybe a stop in the low/mid 90s so as not to get stopped out on volatility
Note
Stopped out too soon, but probably good for risk
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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.