$CHPT my team is up 40% we keep winning*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 was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines since, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 which was activated a couple of weeks ago.
My team had set our first take profit at $28, but we were able to exit pre-market at $28 this morning capturing a 40% gain.
Going forward my team will be looking for further entries so that we can accumulate more shares before we hit our take profit 2 later down the road.
Congrats to those of you who this this trade with us!
1ST ENTRY: $20.7
2ND ENTRY: $19.35
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $42
If you want to see more, please like and follow us @SimplyShowMeTheMoney
CHPT trade ideas
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!
CHPTCHPT Open Interest: The option open interest in CHPT climbed -8.1% to 325,010 contracts. The current open interest is above its 52-week average of 241,638 contracts. Currently, the OI percentile rank is 89.3%. So, CHPT had a higher OI only 10.7% of the days in the last year.This indicates there is a lot more demand to trade and carry option positions in CHPT than normal. The most notable increase was in the 05-Nov-21 expiration which added +2,799 contracts.
CHPT Call Open Interest: The open interest in CHPT call options decreased by -8.9% to 226,978 contracts. However, call open interest is up 7.6% in the last 5 days. Compared to its 52-week average of 155,573 contracts, the current call open interest for CHPT is stronger than usual.
CHPT Put Open Interest: The open interest in CHPT put options dropped by -6.2% to 98,032 contracts. Furthermore, put open interest has fallen -1.7% in the last 5 days. Compared to its 52-week average of 86,065 contracts, the current put open interest for CHPT is higher than usual.
CHPT Put/Call Ratio (Open Interest): In the last 5 days, the put/call ratio for CHPT decreased by -8.6% to 0.4. The put call ratio is below the 52-week average of 0.6.
Falling Wedge- Bullish - UpdateCHPT still hovering right above oversold territory on the RSI, however, has been holding a massive falling wedge for quite some time now. By no means is this a short term play, regardless, will be looking for a breakout from this wedge- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on - Bullish long **(See Previous Charts Below)**
- Nearing the oversold range on the RSI (Slight bullish divergence on shorter timeframes)
- Bollinger bands squeezing
- Massive Falling Wedge
- Good long-term entries
PT1- $21.67
PT2- $24.09
PT3- $26.65
1-Hour Timeframe
Previous Charts-
LONG CHPT is down over 60% since ATH and escaped the downtrend, but yesterday the company announced to resale of up to 5.7Mil shares. Expect to see a pullback, price action may retest the demand zone. I expect to hold if the overall market doesn't sell off. Option Sweeps are over 96% bullish for $21 strike price (cheddar flow) for next summer. This is a good R/R and will add to my portfolio. Good luck everyone.
$CHPT Oct 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*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.00
Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 just in case $CHPT decided to trickle down to previous support levels in such price ranges.
Things are looking great here for us guys at @SimplyShowMeTheMoney to say the least. The candle on todays close is a true beauty.
My team has set our first take profit at $26.5.
We speculate that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall. Expect our team to capitalize on this opportunity and many others.
Winter is coming...
ORIGINAL ENTRY @$20.7
BUY LIMIT HAS BEEN ACTIVATED @$19.35
TAKE PROFIT 1 @26.5
TAKE PROFIT 2 @$42
If you want to see more, please like and follow us @SimplyShowMeTheMoney
is $CHPT ready to charge once again?*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*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.68.
My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also have a buy order at $19.35 set in place in case $CHPT decides to trickle down to previous support levels in that price range.
My team speculates that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall, and we plan to capitalize on this opportunity.
ORIGINAL ENTRY @$20.70
BUY ORDER @$19.35
TAKE PROFIT @$42
If you want to see more, please like and follow us @SimplyShowMeTheMoney