Going Long on CHWY

2023年7月25日

CHWY is oversold at 33.60. After several quarters of earnings beats and lots of analysts upgrades it has gotten caught up in the recent fears of a pullback in the overall market and is overdone. if it drops below 33.56 and recovers, it can be considered a FBD (fake break down) and will be ready to run, IMHO. RSI and other indicators deeply oversold, and 33.56 represents a .618 retracement of June move off of the last earnings report. Best of Luck!

2023年7月25日

注释

Sorry, if 34.87 recovers, then it may be considered FBD