Discussing some potential short squeeze candidates. Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm. All of these names need to be monitored in the near term for opportunities. Shorts get nervous when stocks are moving higher. AI, SPWR, CHWY, WOOF
Chewy stock ( NYSE:CHWY ) surged 25.37% on the first quarter 2024 financial result, following a strong Q1 2024 earnings report that beat Wall Street estimates and an increase in Autoship sales. The company reported adjusted earnings of 31 cents a share on revenue of $2.88 billion for the quarter ended April 28, beating analysts' expectations of 20 cents a share on...
CHWY is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
Despite delivering better-than-expected quarterly results, the online pet food and accessories retailer faces headwinds stemming from moderating pet ownership trends. While Chewy's ( NYSE:CHWY ) outlook may have dampened investor sentiment, its commitment to continued growth and market share expansion remains steadfast. Navigating Market Volatility: Chewy's (...
Reasons for bullish bias: - Price has tested support - An entry at the lower highs (LH) breakout for trend confirmation - Bullish divergence - Megaphone pattern - XABCD pattern on weekly - Earnings on 20th March, NYSE:CHWY might show good moves Here are the recommended trading levels: Entry Level(Buy stop): 19.27 Stop Loss Level: 15.37 Take Profit Level 1:...
This looks bearish. If it breaks below 17-18 then most likely it will hit 10-12 range. If it does then expect it to recover back to 24.
Despite Chewy A (NYSE: NYSE:CHWY ) currently being in a falling trend channel in the medium long term, there are positive signals for potential recovery. The recent break of a resistance level suggests a positive shift in the long-term trading range. Additionally, the identified support at $17.00 provides a potential floor, indicating a level where investors...
Please watch the video on my analysis of $NYSE:CHWY! I explain why I think that this stock is going up! As always, thank you for tuning in to my analysis. I pray you all have a beautiful rest of your thanksgiving!
Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets. This is so far the best opportunity since 2020 to begin creating a long-term position. Also looks like a nice technical level to create a...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation,...
If you haven`t bought CHWY here: or sold it before the previous earnings: Then analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately 0.65. If these options prove to be profitable prior...
NYSE:CHWY My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5. Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of...
NYSE:CHWY If the price of CHWY breaks above the bullish line of $40.78, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $43.72. Conversely, if the price of CHWY breaks below the bearish line of $34.87, it may suggest a bearish signal, implying potential downward price movement. In...
That gap?!?! On a M chart. Wow I'm about it. And the daily 100/200 sma support the move? I'm in bullish. Consider doing the same
If you haven`t bought CHWY here: or sold it here: then Analyzing the options chain of CHWY Chewy prior to the earnings report this week, I would consider purchasing the $29.5 strike price Puts with an expiration date of 2023-6-2, for a premium of approximately $1.29 If these options prove to be profitable prior to the earnings release, I would sell at least...
Pricing crossed 60 VMA and 200 DMA in recent rally. +++ 3D chart looks much better with price right on the volume shelf. ++ Recent volume could be better; suggests another pullback is possible -- Takeaway: Seems to building phase2 nicely. breakout should happen soon. Keep this on your watchlist and your portfolio for the long term.
If you haven`t bought the all time low: Then you should know that looking at the CHWY Chewy options chain ahead of earnings , i would buy the $43.5 strike price Puts with 2022-12-9 expiration date for about $2.46 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
CHWY Chewy quarterly earnings of $0.04 per share vs Consensus Estimate of a loss of $0.12 per share. T This represents an earnings surprise of 133.33%!! Sales of $2.43 billion topping forecasts for $2.41 billion. My price target is the $31 resistance for now. Looking forward to read your opinion about it!