CHWY looking good with it's fantastic earnings, but it faces significant resistance-selling pressure at 88-89, in recent times. On the back of this earnings, I'm optimistic and bullish that it can bust a groove and close above 90 - which would mean both destroying it's downtrend line and reform support before another leg up.
Note
As said.. a lot of selling pressure... not so good at the moment but the day isnt over yet. Note
Not gunna lie, this movement after great earnings does not imply the best scenario:
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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.