June 11, 2020, 9:01 pm EDT
2020 Actual Trade CHWY +41% Profit
When pandemic came with pandemic status and shelter-at-home order, human being need to take care themself and their loved ones. Their loved ones could be 4 legs animals, dogs or cats. Their needs include food, treats, medications, and health products. Chewy Inc (CHWY) is a pure-play ecommerce pets supplier that lets customers to have a wide variety of selections online, through internet or mobile devices. So, it makes sense to buy and own CHWY during the worst time period.
- Notice CHWY only went down very shallow during late February and mid March.
- Absolute bottom occurred on March 17-18. We noticed CHWY with strong volume on March 18.
- Then CHWY never looked back and crossed new high level 32.5.
- March 26 is the day that CHWY offered the last call before taking off its rally.
- June 11 is the gap-down, breakdown reversal day that became a good day to harvest CHWY with +41% profit in less than 3 months.