CHPT Bounce?!I like CHPT!
Tomorrow's daily candle should show us what we need to see. It should bounce on this support and/or consolidate for a few weeks before making a bullish move.
Consider 12/17/2021 Calls.
Stop Loss: $19
Profit Target: $25 (Aggressive: $26.60)
If it breaks resistance, I could see CHPT dropping near the $17 range.
CHPT
Loading up CHPT [LONG]Looks like a great entry for CHPT LONG imo.
Some great confirmation of support over the recent weeks/months - just ranging in this area.
Now seeing good things on the lower timeframes and continueing to DCA as per my previous charts and personal stratergy.
** NOT TRADING, INVESTMENT OR FINANCIAL ADVICE **
CHPT Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
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The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
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It can predict and also it can give you almost exact buy or sell time on the spot.
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$CHPT July Update*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 $28.01 per share.
My team planned to average up one last time on $CHPT if the opportunity presented itself...that time has come
My team bought more $CHPT shares today at $27.80 per share. This is our 3rd and final entry.
We have also raised our initial take profit to $41 per share.
1ST ENTRY: $22
2ND ENTRY: $24.35
3RD ENTRY: $27.80
TAKE PROFIT: $41
STOP PROFIT LOSS: $26
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Electric Vehicle ChargingSome companies involved in the electric vehicle charging sector compared on 90-day graphs. Anywhere to go but up? Vice President of United States toured a facility this week that boasts 15-minute recharge times for EVs. Companies like Tesla and Workhorse need the infrastructure to really become major players. Target is +300% by end of 2021.
$CHPT possible pull back soon*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 $31.41 per share.
For those of you who remember our original take profit on $CHPT was $31 because we suspected a resistance around the $32-33 price zone. For that reason alone, we do not think its wise to average up or enter right now until further notice.
My team plans to average up one last time on $CHPT if the opportunity presents itself, but in the meantime we plan to sit back and enjoy how deep in profits we're now on this trade.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CHPT June Update*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.
We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21. From their the price moved further up and now rests at $28.31.
My team has increased our previous take profit target of $31 up to $37.
CHPT - Amazing Entry Time-We’ve seen a brutal bear market tear through growth stocks. While that has helped shake out some weak hands, it has also brought down high-quality stocks too. For instance, ChargePoint (NYSE:CHPT) is down massively from its highs, as investors dump CHPT stock and its peers.
-The company was founded in 2007, so it’s not a flash-in-the-pan new arrival looking to take advantage of a hot trend and make a quick buck. The company has more than 132,000 charging locations in North America and Europe. That number swells to almost 160,000 locations when taking into account integrations with other networks.
-Further, ChargePoint has “more market share (at more than 70%) in networked level 2 charging than the closest competitor in North America.”
-More importantly, it has the “largest online network of independently owned EV charging stations operating in 14 countries and makes the technology used in it.” As the trends in EV continue to push further, so too does business for ChargePoint. Consensus expectations call for solid growth as a result.
-If we can see 40% growth this year, then 69% next, then 75% in the following year, we are talking about several years of strong and accelerating growth.
-If this company is doing almost $1 billion in revenue in just a couple of years, We believe it’s undervalued today.
-There has been an enormous push toward electric vehicles (EVs). That’s evident by new entrants, momentum in the stocks and in vehicle sales. Heck, the largest EV producer in the world just said it’s sold out for the quarter already. At one point, its market cap swelled to the point where it was larger than every other automaker in the world.
-More and more drivers are realizing the benefits to EVs. Longer driving ranges are easing what’s referred to as “range anxiety,” but so too is ChargePoint.
-As more EVs come to market from more producers, consumers will inevitably need more charging stations. The leading EV producer in the U.S. built its own network for its customers. At the time, it needed to, to help persuade customers to buy its vehicles.
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
If you want to see more, please like and follow us @SimplyShowMeTheMoney