Chwy continuing to get punished to the downside
- We hit the preliminary point and figure target of 70 but further downside is entirely possible
- Using the longer term point and figure distribution we should be going lower
- Using the the wedge (captured via bar charts) confirms this
Fundamentally CHWY is getting dragged down along with the entire IPO basket; higher inflation will lead to further compression of multiples on growth
However, my view is that inflation will be fleeting once more reenter the workforce and shares will be absorbed somewhere in the 50-60 price range
PFP assumed 5 bar reversal, 2 points per unit
- We hit the preliminary point and figure target of 70 but further downside is entirely possible
- Using the longer term point and figure distribution we should be going lower
- Using the the wedge (captured via bar charts) confirms this
Fundamentally CHWY is getting dragged down along with the entire IPO basket; higher inflation will lead to further compression of multiples on growth
However, my view is that inflation will be fleeting once more reenter the workforce and shares will be absorbed somewhere in the 50-60 price range
PFP assumed 5 bar reversal, 2 points per unit
İşlem kapandı: durdurma seviyesi
Stopping out on risk
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.