VLTA looking juicy as it starts its Bottom bounce moveVLTA making its move.... watch the volume . Bottom bounce on TSV making all the right moves and volume 5x the avg.
iCantw84it
01.18.23
VLTA
A TA of the 1HR chart on $VLTAJust an idea…but Volta had a pretty decent quarter even if it was nothing to write home about. It’s shows improvement. Being and ev charging station maker i see some future upside long term but i do something interesting on the charts in the 1 hr. If you look at the price action compared to the rsi, Mac d and obv you can see all kinds of bullish indicators. I marked the strongest ones. If you look at the green and red lines i marked on the chart as well this what i could see happening. It’s formed this weird shaped cup and and handle and now its restesting if it likes this break in market structure. Theres no gap on the daily but the 1 hr has a gap thats down to around 1.80ish range. So if VLTA doesn’t hold above $2.09 mark then i expect it to fill down before trying to break again. On the other hand the c/p ratio is way bullish but theres not a lot of vol coming in and ortex threw a type 3 short squeeze signal. Analysts are calling for a tp of $6. If for some reason momentum and interst come into this stock i could see $3 eow and $4 shortly after that. Ill be watching this one closely as i feel more downside might be good opportunity to buy this at discount.
VLTA - Can It Go Any Lower? Well, Probably. Here's Why:NYSE:VLTA has been on a major downtrend since it's recent high in November. Personally, I love Volta as a company and think it's doing great in terms of their product, and also the partnerships/deals they've been getting. But this post is less about fundamentals and more about price action, and what we can expect in the short term from a trading perspective.
Firstly, we saw a pretty solid uptrend since the double bottom a month back.
Then, we saw price hit resistance and then a (weak) bounce on the ascending trendline. Finally, we see the price going under when it broke support a few days back.
As a trader, I would be short biased based on the overall trend of NYSE:VLTA . While it is possible to enter short at the current price, it would be best to enter when price pulls back closer to resistance levels for a better Risk-Reward Ratio. SL and TP levels shown on chart.
Happy trading
EV chargers run uot of charge themselves..!As you can see in the charts lower prices are very likely in these 4 EV chargers companies..!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
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Is the Sell-off Done in Independent EV Charging Stocks?After an eventful 2021, with EV manufacturer speculation at record highs despite recent deflation, the three most visible independent EV charging station stocks (CHPT, BLNK, VLTA) have had a mostly volatile year with a downward bias after the beginning of the year. Although valuations can still be considered rich given the YTD performance of these three companies and ongoing multiple contraction, the long term growth potential and regulatory tailwinds indicate growth from here is all but guaranteed, especially since the EV manufacturer market is expanding and the expectation of a single manufacturer covering the convenience charging needs of all of America and the world may seem farfetched. Range anxiety of the consumer will presumably mandate EV charging neutrality.
The current market share leader of the three, CPHT, seems to be adequately executing a blank check philosophy in pursuit of growth given recent quarterly losses and with the highest sales, some of that growth is undoubtedly priced in given the current market cap. Given the energy revolution taking off and the massive total addressable market, is it possible there will be room for all involved to grow?
Of the three mentioned in this post being all near critical support levels, which would you count on to capture most of the growth of this upcoming sector in 2022? Or has the bottom yet to come?
⚡️ Chargers, electric vehicles and infrastructure plan...On Friday, November 5, the US Congress approved a $ 1.2 trillion infrastructure plan.
The plan envisages investments in roads, bridges, railway infrastructure, expansion of access to clean drinking water, development of access to high-speed Internet, and "greening" of the infrastructure. The last point implies the creation of a national charging network for electric vehicles, and will also have a positive impact on the development of the industry related to the production of vehicles on electric traction.
Investments in expanding the network of charging stations on highways will amount to $ 5 billion. Also, $ 2.5 billion will go to expand the network of charging stations for other ecological modes of transport, for example, on a hydrogen engine. Another $ 2.5 billion is planned to be spent on the electrification of school buses.
Today, shares of manufacturers of charging stations for electric vehicles are on the rise of $ CHPT and $ VLTA + 13%, $ BLNK + 15%, $ EVGO + 30%.
In this post, I will focus on the company with the largest network of charging stations in the United States.
ChargePoint Holdings is an American electric vehicle infrastructure company based in California. Operates the largest network of over 140,000 independent charging stations in 14 countries.
ChargePoint has over 5,000 corporate customers, 76% of which are Fortune 50 companies.
The company began to build charging stations 10 years ago, the main business is focused on the markets of North America and Europe, coverage is also available in South America, Africa and Australia. Interaction with the charging station and payment is carried out through the ChargePoint mobile application. The company has three areas of activity: retail, corporate and fleet maintenance.
In addition to its EV charging services, the company makes money by providing a cloud platform for managing charging stations and scheduling EV charging. To expand this area, ChargePoint acquired the European fleet management company ViriCiti in early August this year for $ 88 million. .clients in the maintenance of the park.
Also this summer, ChargePoint acquired the "Has to be" company in Europe for $ 295, whose flagship product is the eMobility, a hardware-independent cloud platform. It should improve the efficiency of customer service and system reliability due to the constant growth of the charging infrastructure, as well as add 2,500 network ports and 3,500 corporate vehicles for service.
The company is a pioneer and one of the leaders in its field, the growth of the fleet of electric vehicles around the world will spur demand for charging stations, to which the company adds more than 2,000 annually.
🔧The price of $ CHPT is moving in a downtrend, now the price has approached the slope. The positive news background is likely to catalyze the breakdown of the downtrend. Further, we expect the formation of a protorting in the zone of accumulation of horizontal volume and then the assault of local maximums. Draw in support blocks $ 19.5-22 (intermediate), $ 16-19 (main), stop - fixing below $ 15.
🎯 Targets $ 32/36.
NOT IRR.
A comparison between EV Chargers!1- CHPT:
ChargePoint Holdings, Inc (CHPT) is the largest network of Electric Vehicle charging stations in North America and Europe - and provides solutions through a capital-light model free of monetization of both energy and driver utilization. The company maintains over 70% market share of networked L2 in North America with over 5,000 customers.
Market cap: 7.79 B
Short interest: 5.38%
2- VLTA:
Volta, Inc. operates a network of smart media-enabled charging stations for electric vehicles. The company was founded by Scott Mercer and Christopher Wendel in 2010 and is headquartered in San Francisco, CA.
Market cap: 1.4B
Short interest: 1.96%
3- BLNK:
Blink Charging Co. engages in the operation and provision of the electric vehicles, charging equipment, and networked EV charging services. Its product line and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas on October 3, 2006, and is headquartered in Miami Beach, FL.
Market cap: 1.3B
Short interest: 30.8%
4-EVGO:
EVgo owns and operates the US' largest public DC fast charging network by the number of locations and is the first EV charging network in the nation powered by 100% renewable electricity. The company was originally founded by NRG Energy in 2010 and listed publicly via a SPAC merger with Climate Change Crisis on July 1st, 2021.
Market cap: 702 Million
Short interest: 13.07%
As you can see the price pattern of these companies has a significant positive correlation..! which means regardless of their fundamentals they move in the same direction!
However, only blink has the chance to experience Short or Gamma squeeze in the coming weeks because of the high short interest%..!
For long-term investors, better to keep in mind these companies should compete with Tesla, no need to say all of them together are worth 1% of the TSLA market cap!
It is highly unlikely they can compete with TSLA in this sector!
I believe the most recent move was due to the Biden infrastructure bill..! and they could experience a correction!
I am watching blink for a potential squeeze opportunity!
