CHPT 1h IHS pattern
CHPT is a highly shorted stock.
From a fundamental perspective I would not invest. Tesla dominates EV charging.
However, speculation is high in EV and charging and will continue under Biden. If big tech melts up, clean energy could follow as we saw in the Fall.
The technicals are lining up with short interest for a squeeze. See my daily chart for more confirmation, 32.50 is the conservative entry.
From a fundamental perspective I would not invest. Tesla dominates EV charging.
However, speculation is high in EV and charging and will continue under Biden. If big tech melts up, clean energy could follow as we saw in the Fall.
The technicals are lining up with short interest for a squeeze. See my daily chart for more confirmation, 32.50 is the conservative entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.