CHWY: One of the cleanest macro accumulation model
What is good boys, today ticker will be
CHWY
This model has been developping on the chart since CHEWY first started trading.
Now, I'm expecting the next phase: an aggressive, prolonged expansion.
If this model continues to play out, I believe CHEWY has the potential to print new all-time highs—and continue well beyond them.
Target: $120 (All time highs)
Invalidation: $17.50
Risk to reward: 15RR
These are the types of opportunities I look for—not because they're guaranteed, but because the risk-to-reward is heavily skewed in your favor if the model confirms.
Most investors chase momentum after it's obvious.
I'd rather position while the macro structure is still building.
Don't fade clean macro accumulations.