CHWY

I know it doesn’t seem like this would happen, however, this chart is not lying to us. This is something that you might wanna start looking into as chewy could potentially be starting to create a large inverse head and shoulders pattern on the weekly. Now, of course, we don’t wanna go all in until a breakout of the neck line as if this does play out the right shoulder. Will have to bring us back in further later.

however for now, if we are going to play this up trend, we can ride the wave up until the neck line of this pattern. At that point will take profits and will look to re-accumulate when the right shoulder is created. That being said there’s a lot of money to be made on this move up and it should be a pretty clean wave uptrend until fomo kicks in on the last push to the neckline. I am loading the boat between 33.70-35. This should be a sick trade
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