CHWY Chewy Inc

$CHWY NOV20 22C · still actionable Zone: $21.18 to $21.48 Invalidation: close under $20.43 Objectives: $22.82, then $24.11 The math: up 7.0% to the first objective and 13.0% to the second, against 4.2% risk on the invalidation, better than 3 to 1 to the second Dear friend, picture a shopper who keeps coming back to the same store because the shelves are always full. Chewy dipped on Wednesday and sellers pushed it down to $21.08, yet it still closed at $21.33 and never came close to giving back the $20.43 low from Monday. That is what a swing setup looks like when buyers defend a level quietly, and it means the bounce has a floor under it for now while the road back toward the old highs stays open. P.S. Watch $21.72 first. That was the high on Wednesday and it sits right at the top from last week, so a close above it changes the conversation.

$CHWY it would be great for the stock just be on its merry way and move up about 40 to 50 cents a day..it wouldn't be that long getting back to 30..

$CHWY Q2 included temporary benefits to EBITDA. I would not assume the reported 6.8% margin represents a fully recurring quarterly run rate. this will bottom out again…dont be a sucker with this low vol staples rotation in

$CHWY the active float on this thing is tiny. Any news or catalyst that causes a surge of volume can move it quite a bit from a low volume base like this. And it’s very undervalued for no reason on top of that. Works for me.

$CHWY on track to finish over the 50 and 100D SMA again. Really good if it holds until close. The 200D is now at $23.28. That means by Monday, it’ll be lower than the gap fill left on 9/9 That’s 2 magnets above

$CHWY set my sell limit on my 56k shares to $39.90, GTC ext. I'm looking for a good run, then a buyout offer that gets a bit too exhuberant on the extended market.

$CHWY Up 10% since Oct 1st. Is this a genuine rebound or some kind of trap? I thought it was oversold, but I can't decide whether to buy more here or wait for another dip back to the 17s.

$CHWY $GME Pushing an already undervalued $CHWY under fair valuation for the sole purpose of hedging $GME is a recipe for disaster for shorts. Especially when you factor in the low active float, and average analyst price targets of about $30.

$CHWY back to 17s may not have money left when it gets there, gonna get rough on the seas next 2 weeks 🐶

$CHWY clown is down 44% in just a year, can’t even do simple math and denies the losses of today wiping out gains of yesterday and calls others baggie lmao

$CHWY next stop is $24. then the second cup handle will form for a week or two, then we will be on our way to $30.

$CHWY $VFC these 2 bucking the trend even though you would think they are plays on consumer. Interesting strength

$CHWY man, I really hope people are adding here. This thing feels like a ticking time bomb. 💣🚀

$CHWY today is proof that with any sort of positive catalyst this will easily move back to the 30s

$CHWY had itself a strong day after double bottoming and breaking downtrend. Should easily see $20+ again soon 🐶

$CHWY Only in three plays rn. $UEC $SVM and of course $CHWY I love all three. We will consolidate before the next leg up. Tomorrow we have a 90% chance at a fed hold so everything is priced in. I expect a hold. However if hawkish talk of future raises come things could pull back. In that case I will be adding to all three positions. GLTA bears the gif says what you will get.

$CHWY I guess the only thing I really care about for this company is a buyout, and I don't need the cash, so my investment is just going to sit and simmer for however long that takes.

$CHWY NOV20 23C · in play Zone: $21.93 to $22.24 Invalidation: close under $21.67 Objectives: $23.00, then $24.00 The math: up 4.2% to the first objective and 8.7% to the second, against 1.9% risk on the invalidation, about 4.6 to 1 to the second. Dear friend, picture a dog that finally learns to fetch after a long stubborn summer. That is Chewy. The stock sat near $17 in June and has climbed back above $22 this week, up 19 percent in the last month, and it now stands over its 50 day average near $21.15 with most analysts still saying buy. This is a swing: we work the zone, the line underneath at the day's low says we are wrong, and the two round checkpoints above do the talking. P.S. The 23 line is the whole trade: it is our strike, and a close over it turns this recovery into the next leg.

$CHWY NOV20 22C · still actionable Zone: $21.38 to $21.68 Invalidation: close under $20.43 Objectives: $22.82, then $24.11 The math: up 6.0% to the first objective and 12.0% to the second, against 5.1% risk on the invalidation, better than 2 to 1 to the second Think of this like a dog that finally stopped pulling backward on the leash. Chewy spent weeks near the lows, held above $20.43 when sellers tried again, and then closed at $21.53 on a strong green day, which tells you buyers are stepping in sooner now. This is a swing setup, not a one day chase, and the point is simple. If it can build above that old $21.74 high, the path toward the next levels opens up in a way it has not in a while. P.S. Watch $21.74 first. That was the top on October 15 and again near the high on October 20, so a close above it matters more than any early pop.

$CHWY 84.6% recurring revenue, margins up 90 bps, $568M trailing FCF, buybacks running, and the stock is still near its 52-week lows. Risk: consumer softness and a trimmed sales outlook. Not advice. KEEP ON MOVING.