CHWY
CHWY, 1-2 Week Horizon
Price action is on its pullback move 3 quarters of the way down before touching channel support. There is a good chance that price action will continue lower around bottom channel support area and 61.8% fib before it pivots up for a bullish move.
MACD lines pointing down and stochastics pointing down but near oversold levels.
Stop loss just below buy zone and 93.62 area of support.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Price action is on its pullback move 3 quarters of the way down before touching channel support. There is a good chance that price action will continue lower around bottom channel support area and 61.8% fib before it pivots up for a bullish move.
MACD lines pointing down and stochastics pointing down but near oversold levels.
Stop loss just below buy zone and 93.62 area of support.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
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