Chewy Inc daily analysis 4-9-22Chewy Inc, the American animal product dealer, is poised to move up for some time. From the low 20.62 , it has made a wave structure which could move it to above 50 if the invalidations are taken care of.
CHWY trade ideas
Is Chewy Showing Signs of a Recovery?Crazy how beaten up this stock became losing almost 80% of its previous value, but it might be starting to show some signs of reviving, being back up 34% off its recent bottom on the back of a strong earnings report and posting a surprise profit.
Have a look at the last 3 Red Earnings signals and the resulting sell off of the stock, and now we have our first Green report. Price back up above the 20 day MA, RSI heading up and MACD crossing up, so who knows...
Might be worth keeping an eye on and doing some research.
Chewy Gapped Down On EarningsChewy is an ecommerce only business providing pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles.
It gapped down quite significantly on earnings and is trading outside of its lower Bollingers which should at some stage see a snap back.
If your broker supports it, I'd probably run a trailing buy on it, otherwise keep an eye out for a turn-around before investing in case it keeps dropping.
Worth a watch as a shorter term gap play.
Price outside of and below lower Bollingers.
Midweek Watch 9/01 - $CHWYMY LEVEL: 77.20 & 73.50
WHY: Prior support and annual pivot. I think we're going to see a nice bounce tomorrow (Thursday Sep 2, 2021)
