CHPT trade ideas
Is $CHPT ready to charge? We think so. *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone. The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish confidence.
After correcting from a previous all time high of $49.48 it now sits at $24.35. My team expects $chpt to perform well short term, and we plan to capitalize by averaging up next week.
ORIGINAL ENTRY @$22
AVERAGING UP @$24.35
TAKE PROFIT @$31
STOP LOSS @ 20.00
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Chargepoint - CHPT - Stock - $20 support has been holding!Chargepoint - CHPT - Stock - $20 support has been holding! Will it breakout? What are your thoughts?
$CHPT Target 38.24 for 24.89% $CHPT Target 38.24 for 24.89%
Or next add level is at 23.00
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
CHPT is not long yet10 day RSI pointing down and decreasing volume. Bull run may be over. Be vigilant.
CHPT this week and nextThis is an update to my previous chart linked below. I will be looking for a buy in ~$19.50 and sell at ~$26.
CHPT BUY/LONG NOW READY 23.00 to 59.00 By End 2021TICKER CODE: CHPT
Company Name: ChargePoint Holdings, Inc.
Industry: Consumer Cyclical | Specialty Retail | USA
Position Proposed: BUY
Technical Analysis
1. Falling Wedge / Pennant (Potentially breaking out soon)
2. Fibonacci Retracement at 0.786 ( Silver Zone) which is also sitting on the previous structure level
3 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (23.00=25.00)
1st Partial Take Profit: 59.00 (August-End 2021)
2nd Take Profit: 83.00 (Mid-End 2022)
CHPT Prediction for tomorrow and the next week.For background, CHPT is the USA's largest provider of EV charging stations and along with Biden's goal for some 500,000 charging stations by 2030, there is great potential in the fundamentals. However, recently fundamentals have seemed to matter less and less so I turn to the chart. CHPT has shown strong support at the $19.10 range and resistance at the $32 mark and most recently $27 mark. If CHPT is able to bounce off of the $19.10 support I see three possibilities. 1) It hits the $27 resistance and bounces down. 2) It passes through the $27 resistance, hits $32 and bounces down. 3) It breaks through both the $27 and $32 mark and continues to rise (in my opinion unlikely). I believe the best play here is one that follows the scenario of 2. This being an entry at the $27.50 mark and an exit at the $31.50 mark. I am not a financial advisor and please do your own DD. Any critiques or suggestions to this play are highly appreciated. Happy Trading!
$CHPT Technical Analysis$CHPT KEY LEVELS
White Lines = Supports
Yellow Lines = Resistances
Purple Line = Point of Control
$CHPT Triple Bottom breakout$CHPT ChargePoint
triple bottom
bullish pennant
bullish divergence
High probability trade. Calls above 27 pt of 31
CHPT charting ideaHello, I consider very much consider myself a novice at trading as I am have only been doing it for a year. So with that being said this is clearly not trading advice.
Just looking to improve my charting ideas, so I figured I'd use this platform to its fullest. Let me know what you think!
$CHPT Target PTs 32-38 and higherPivoting off Support and up-trending towards two Resistance levels
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.
Chargepoint Triple BottomIt also has triple bottom with bullish divergence on the daily macd and 4 hour.
Its close to breaking the demand line too.
