Nov. 14 at 3:44 AM
$CHWY: The last close at
$33.49 indicates the stock is currently trading below its 30-day moving average (MA30) of
$35.73 and 50-day moving average (MA50) of
$36.88, suggesting a bearish market context. The RSI at 40.0 signals that the stock is approaching oversold territory but is not yet there, indicating potential for a reversal or further decline. The 60-day high of
$43.5 and low of
$31.75 establishes a range that suggests resistance above
$35 and support near
$31.75.
Directional bias leans bearish due to the stock's position relative to MAs and RSI. Suggested entry is at
$32.50, with a stop loss at
$31.50 to limit potential losses. Target 1 is
$35.00, near the MA30, and Target 2 is
$36.00, approaching the MA50. This plan capitalizes on a potential rebound while managing risk effectively.
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