Chewy, Inc.
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JICPT| Chewy bullish setup with target of 120!

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Hello everyone. I just identified a nice bullish setup of Chewy on the daily chart. Let's look at the higher timeframe first.

Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics.

Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone.

This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m.

Give me a like if you're with me. Thanks for your support.
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Momentum looks good
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Заметка
Nice rally. The violation of the upper channel indicated strong momentum to the upside.
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Chart PatternsrangetradingTrend Analysis

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