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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $CHWY

Case 471 #Chewy Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CHWY 1/4
Chart 1
Weekly Chart: Price spiked up clipping synthetic #resistance and fell back down on heavy profit taking. The failure to close/hold above the June 2020 #trendline warns of further downside probes towards the 50.30 #pivot with .....

CHWY 2/4
..... minor #support seen around 49.43- 47.73 (#SMA 20, trendline and #Fib. 0.50). And below that better support is seen around 42.75- 39.41

CHWY 3/4
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#support #pivot #SMA #resistance #trendline #NASDAQ #Chewy #Fib #Strategy #CHWY

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