JulianAlerander
05-30

$Chewy, Inc.(CHWY)$ Monthly check,

Any close above $20 for CHWY would expect $30 next month, testing descending wedge resistance (blue line).

$53 and $120 macro targets can begin AFTER $30 confirmation daily, weekly, etc closes. patience.

...also MACD reversal.

Conclusion: Bullish with Conditions

Given the technical setup and key levels:

Short-Term: Bullish if the stock closes above $20, targeting $30.

Long-Term: Bullish once $30 is confirmed, with potential targets of $53 and $120.

Recommendation

Short-Term Strategy: Buy on a close above $20. Target $30, monitoring daily and weekly closes for confirmation.

Long-Term Strategy: Hold positions if $30 is confirmed. Target $53 and $120 as longer-term objectives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • RalphWood
    05-31
    RalphWood
    🚀 Looking forward to $30 confirmation and potential long-term targets!
  • pixiezz
    05-31
    pixiezz
    Wow, great analysis on CHWY!
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