Chewy has been consolidating since its fall from highs. Market has given 3 chances to buy at around 79 , there is huge selling at 87 level. But with earning coming up and divergence on rsi thing chewy will run soon.
Purely technical analysis
Trade at your own risk ideas are only for entertainment
Best strategy to deploy- a put butterly near 79 level , la put credit spread , long call around 78 79.
Purely technical analysis
Trade at your own risk ideas are only for entertainment
Best strategy to deploy- a put butterly near 79 level , la put credit spread , long call around 78 79.
Note
increased in price from the date posted. Power of technical analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.