Hello everyone. Chewy has been down on the disappointed earning report released on September of last year.
Now, we can see clearly from the chart that the downtrend channel has been well respected with price unable to break every control high.
The nearest bearish structure is around $60-62 where my two anchored vwap lines are sitting above. In my view, this could be a trouble zone which is hard for buyers to break, unless we have surprised figures due on March 29th.
What do you think of chart? Give me a like if you're with me. Thank you for your support.