$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
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)
BLNK Breakout of Ascending TriangleBLNK gapped up on Thursday morning, breaking out of the ascending triangle (green lines), but trended down the rest of the day due to the market sell-off ahead of the 3day weekend. However it managed to close right at the top side of the triangle ($41 level) which also happens to be the 50% fib level. This will act as a very strong support level,l and if it holds, we should see $48 for BLNK this week. By late April, we should see BLNK retest the December high of $56.
Chargepoint CHPTI love the EV market and wanted to play it safe.
1. Since 2007, we’ve focused solely on offering the best electric vehicle (EV) charging experience for everyone involved in the shift to electric mobility.
2. Growing patent portfolio and 20+ awards for our technology (from World Economic Forum, Goldman Sachs, Electrek, CNBC and more)
3. 60% of Fortune 50 companies are ChargePoint customers
Details in photo!
CHPT Elliot Wave analysisChargepoint is an EV charging play. In my opinion the best way to play the EV bullmarket the coming 4 years is in the EV charging sector. Chargepoint provides almost 70% of all the charging stations in the US. The shareprice dropped the last week after the merger with SBE was completed. From my view this has completed wave 2 and started wave 3.
Pricetarget shortterm: above $49 for a new high (I think this move will be rather quick because shortfloat is currently 36%)
After that we should consolidate for a while while fundamentals catch up and slowly move up to:
Pricetarget 1-2 years: $80 (elliotwave wave 3)
~Slippe
ChargePoint IdeaAn idea for NYSE:CHPT most recent movement.
Entered @ $21.28 currently up 26.85%, thinking from a novice point of view some sort of consolidation
would come after a increase like that and late investors running in to catch the wave up. I can also see this dipping a bit to open opportunity for investors looking to enter, seeing how the sell off has been going lately in the market. We are new to charts and analysis. Any tips to help us improve would be greatly appreciated!