CHGG: Buy at $89.92 Profit at $112.4

Have you ever needed to buy textbooks for your college classes? Most likely you have went to Chegg.com to rent or buy a textbook but now Chegg is much more than a place to buy/sell textbook. It is a whole online service platform that can provide tutors, Scholarships, and even Internships that shows in the sales and earnings below:

Quarterly Sales
Sep19: +27%
Dec19: +31%
Mar20: +35%
Jun20: +63%

Quarterly Earnings
Sep19: +157%
Dec19: +40%
Mar20: +47%
Jun20:+ 61%

There is a great technical setup that is forming. Currently there is a Cup without a Handle but could easily form a handle in the coming week or so to shake out the last weak holder.

Enjoy the analysis. :)

For more information on Cup and Handle Analysis click here: