Petco Health and Wellness Company, Inc.

2024年7月18日

On the above 4 day chart price action has corrected over 90% since 2021 without the aid of share splits. A number of reasons now exist to consider a bullish outlook.

1) Price action and RSI resistance breakouts.

2) Money flow index trend reversal (not shown here)

3) Short Interest 24.47%
Who remains short after a 90% correction?
Gamestop had a similar short interest of 28% back in the day of early 2021 before it got squeezed.

4) No share splits since the downtrend. True.

5) The bull flag breakout forecasts a 160% move to $9

Is it possible price action continues downtrend? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe for long: This month
Return: 150%

2024年7月26日

交易進行

Past resistance confirms support.

2024年8月7日

交易結束：達到停損點

As quick as support was confirmed price action broke below. Rules are rules, stopped out.

2024年9月20日

交易進行

Past resistance confirms support.