ChristopherCarrollSmith

Chewy downward triangle breakout, at high volume support

NYSE:CHWY   Chewy, Inc.
Chewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support and fall further.

Feragatname

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