$Chewy, Inc.(CHWY)$ 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.
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- RalphWood·05-31🚀 Looking forward to $30 confirmation and potential long-term targets!LikeReport
- pixiezz·05-31Wow, great analysis on CHWY!LikeReport