Chewy Stock Showing Strength: A Pawsible Breakout?

Chewy Inc. (CHWY) is currently in Phase 8 of its 18-phase Adhishthana Cycle, and while the stock has faced its share of pain, the structure is beginning to show signs that favor long-term bulls. Here's a look at the setup through the lens of Adhishthana Principles. One notable alignment occurred in Phase 3, when Chewy formed the Adhishthana Yajya. A pattern where the stock traces a hand's arc before plunging sharply. True to the principle, Chewy followed this path and declined by over 72%. While the drop wa ...