$CHPT trimming positions
*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*
Recap: 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 momentums. We recognized the bullish price action of CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
CHPT currently sits at $33.32 per share.
My team is now up more than 50 percent onCHPT from our original entry at $22. We're satisfied with the performance of this trade and are trimming our positions at 33.32 today to secure profits.
My team still plans to average up one last time onCHPT if the opportunity presents itself, but if CHPT continues to uptrend and manages to hit our $37 take profit we will stick with our plan and exit the trade completely.
ORIGINAL ENTRY: $22
AVERAGED UP: $24.35
TRIMMED POSTIONS: $33.37
TAKE PROFIT: $37
STOP PROFIT LOSS: $27
If you want to see more, please like and follow us SimplyShowMeTheMoney
*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*
Recap: 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 momentums. We recognized the bullish price action of CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.CHPT currently sits at $33.32 per share.My team is now up more than 50 percent on
CHPT from our original entry at $22. We're satisfied with the performance of this trade and are trimming our positions at 33.32 today to secure profits. My team still plans to average up one last time on
CHPT if the opportunity presents itself, but if CHPT continues to uptrend and manages to hit our $37 take profit we will stick with our plan and exit the trade completely. ORIGINAL ENTRY: $22
AVERAGED UP: $24.35
TRIMMED POSTIONS: $33.37
TAKE PROFIT: $37
STOP PROFIT LOSS: $27
If you want to see more, please like and follow us SimplyShowMeTheMoney
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