Falling wedgeKeeping on watch for the breakout, nice setup. Formed a higher low recently so it may be ready to finally break.
CHPT trade ideas
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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ChargePoint Holdings: Bulls coming in? ChargePoint Holdings
Short Term
We look to Buy at 12.40 (stop at 11.53)
We look to buy dips. Levels close to the 50% pullback level of 12.33 found buyers. Posted a Bullish Hammer Bottom on the Daily chart. Trading within a Bullish Channel formation.
Our profit targets will be 15.83 and 19.40
Resistance: 16.00 / 19.90 / 26.73
Support: 15.00 / 8.50 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
CHPT: Nearing key technical levelsCHPT holding relative strength and + 4.70% into the midday session. Nearing key technical levels of KMAs on Daily, with bullish engulfing on 4HR horizon. > 13.32 to maintain bullish sentiment with a key gap fill identified in orange , <12.25 for downside; In range in between intraday supply and demand zones otherwise going into FOMC// IV: 104.08%, Beta 1.68, ATR: 1.23// Sentiment: Neutral to Bullish bias
CHPT -swimming too close to the sun 😎 I like this company and what they are trying to implement into the economy. We need CHPT to stay with it fundamentally. You can see here is a example where the EMA at 200 is apart of a falling trend pattern even though the pivot points all coincide around that 200 moving average, there is a paralle MACD chart to display the divergence as CHPT falls.
With a trailing P.E. of -16.72 and a very small cap growth in the low millions, this is still a decent performance. CHPT when on the big time air with the Ford Mach E this year down int Florida. And I know it's early and there are supply chain shortages but I think we can get them to stay in the game longer even though they have a heafty project of supplying the Electric CDL trucks and the big delivery transportation companies. They charge at different points. I dig it.
This is a good example of small capitalization and what a falling trend looks like. Without getting into too much detail. CHPT is A, A+ for growth and the sector median was 10%. There isn't a whole lot else I can see fundamentally that would encourage anything other than a neutral position and if you are a investor just hold long.
Earnings watch 5/31Earnings watch 5/31:
VIEW
CHPT
AMBA
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APPS
HPQ
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SPWH
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Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
CHPT Interesting repeating patternFelt this pattern for Checkpoint warranted publishing, as rarely do you see a stock repeat such a symmetrical pattern. All trend lines are the same and the bars between highs and lows are nearly identical. If the pattern continues, CHPT will move lower to around the $6.50-$7.00 range before turning up. I would guess there is a good chance the move up could break the red trendline and continue up, given the macroeconomic climate and expected increase in electric car purchases in the future.
Also included a Scenario 2 (doubtful), which is purely based on the stock breaking the current trend line, but I expect to see a regression back to the trend line as we have seen in the past.
$CHPT up 32% in the last 7 Days will we see profit taking? No doubt chargepoint is a great company and is cheaper than last year. BUT we are still in a bear market, can we see some profit taking or will we see it continue to trend up. I believe we will see some red and profit taking and will come down just a bit before another run.
CHPT Looking for 30% retracement on a company that may be being financed to keep them afloat as a new growth company and is still working towards being profitable. I like this company alot. However, I want to see if a W pattern is being formed and they are also negative cashflow and net income.
January 4th - 27th could be a pattern match at some point before continuation.
Let's see where price is at within the future.
CHPT Harmonics: Large Bearish-Cypher Watch for an entry next week, March 21st - 22nd, if you want to take this trade all the way into the end of June, between June 27th and July 11th. It appears that the next earnings report on June 29th will be a catalyst for a short entry there, which will not stop being a short until somewhere from November to January when the market makes a new double-bottom (November 2022 - March 2023) The exact reversal price should be to the penny at 31.36. Watch out and always set your exit or entries about 3 - 5 cents before the reversal, to be safe and effective. I was setting them 1 cent away, but they have a tendency to get wicked and have nothing happen; therefore, if you don't want to watch the trade the whole time, just set a little below or above. Good luck, trade safely, and let's make that money.
CHPT Charging Lower? ChargePoint Holdings - Short Term - We look to Sell at 19.33 (stop at 21.51)
Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 19.97 from 28.72 to 11.21. Previous resistance located at 20.00. The medium term bias remains bearish.
Our profit targets will be 14.34 and 11.40
Resistance: 20.00 / 29.00 / 35.00
Support: 15.00 / 11.00 / 10.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ChargePoint (NYSE: $CHPT) Looking To Power Electric Revolution ⚡ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.
Bias more on upside. 30/01/2022
Revisit Chargepoint after stop out at 17.
As I mentioned, try to avoid company which is not generate earnings at the moment.
Thou CHPT might be one of them, however with all the EV cars, and comparing CHPT to among the peers, it seem more potential for this counter.
Besides, JP Morgan upgraded them to overweight with $20 as the target price in 28/01/22
