$CHWY - RC -
Added 2024-01-11 20:32:50 +0000 UTCBouncing on the $16.66 level here, recording a double bottom so far but I can only see 3 waves in this bounce, so we need to see a higher high next to rule out another corrective wave here and a stagnant move sideways.
No changes to this chart however and I still have Wave C finishing high at the blue line at $52 as part of its count.
For now there is still a lot of risk here and until the price can make a higher high at $25.30 and get above the 200 Day MA at $28, there is still a possibility that this can reject and come back down to the bottom blue line again.
