CHWY Acting Well at Key Moving Averages

3 Şub 2021

CHWY continues to find support at the 10 and 20-day EMAs. The breakout on 01/13 failed to get going and likely shook out a lot of longs. Today looks like it may be trying to extend out from this consolidation. Really easy spot to put on a position and manage risk with the stop around $98. It's possible that this one moves slowly at first as it grinds through supply. Hoping we get a handle near the highs to add to my current position. Long

12 Şub 2021

Not

Strong breakout today! I added to my position. Looks fantastic