Chewy, Inc.Short
CHWY: Rising Wedge
Mis à jour
Chwy has had quite a run up but now weakness is coming.
1) Weaker MACD signal on the run up
2) Bearish Wedge consolidaiton
3) Lower volume (confirming of a rising wedge)
Will face some headwinds amidst expected forward rising inflation which will reduce margins and push the profitability potential around in the future. Good time to exit long and start considering short.
1) Weaker MACD signal on the run up
2) Bearish Wedge consolidaiton
3) Lower volume (confirming of a rising wedge)
Will face some headwinds amidst expected forward rising inflation which will reduce margins and push the profitability potential around in the future. Good time to exit long and start considering short.
Trade fermée: cible de profit atteinte
Price target reached - good place to take initial profits
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