Descending TriangleDescending Triangle being formed with CHPT.
Hopefully key move to the up or downside in a few days.
CHPT trade ideas
CHPT 1DCHPT seems to be forming price action in a descending broadening Wedge. Break out in either way may lead to significant positive or negative price action. Even though it is approaching the bottom of the Wedge, there is a support level and demand level there and a FVG so that might prevent further collapse of price. Be very careful.
Rough day for HoldersRough day for CHPT holders.
Head and shoulders formed, hopefully the plunged down is complete and the Demand and Supply zones can act as support. Hopefully price can get some momentum and go past the resistance and the Wedge pattern can hold, but the current candle appears bearish. Keep eyes on oscillators and Braid Filter for any chance of price reversal. Be careful have a great day.
CHPT Longdaily, trendline break + retest
Long 1.2
no Stop
Target 3.0, 5.0
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
CHPT 1 HRWill CHPT jump up 10% in two hours again or will it go down further or do neither? Oscillator levels are low. But bottom indicator is flashing and it is resting near a Demand Zone and on the 50 EMA, nobody knows but lets look to the short term trend line for clues. Also, keep your eyes on the 15 min TF. Please be careful and have a safe day.
CHPT 15 MINCHPT is not doing too well
Do you great people think CHPT can break out of the parallel structure and touch the Supply Zone on top? It is currently resting in a Demand Zone previous candle was slightly bullish. It needs a miracle. Keep your eyes on the RSI and SRSI levels.
CHPT needs some more juiceWe see on the hourly chart, CHPT has forming a descending triangle. SRSI saying oversold. On the fundamental side they did get some funding from a state entity but be very careful we need more movement to make a better decision.
CHPT hopeful cycleCHPT is at a key support level, SRSI is in oversold region. Top/Bottom indicator is flashing alluding the bottom is in. The CM_Williams_Vix_Fix(another bottom indicator) is flashing also hypothesizing the bottom is possibly in. Yet we are going to need a miracle to see some green momentum candles.
CHPT Swing Idea Shares only: As interest rates come down and the EV market expands can this benefit the charging stations? As there is more EVs on the road I would believe that would require more charging stations. I understand CHPT is a sinking ship, but I take my swing trades based on probability and i like the probability on this trade. CHPT is in a weekly trading range and is currently at the bottom of that trading range, so I do like the position here.
ChargePoint bottomed outChargePoint had a rough earnings season, no doubt. However, its improvements in profitability show promise, suggesting it could approach break-even within the next 1-2 years. Given its unique business model—especially compared to other EV charging infrastructure companies—ChargePoint's significant and growing software segment stands out. Could we soon see a shift in valuation that factors in this blend of software and infrastructure, rather than just viewing it as a pure infrastructure play? Price target $2.7 if it continues on its current pattern and trend, and some slight shift in the market sentiment on the stock. CHPT is trade at 1.0x PS ratio, vs EVGO trading at 6.5x......
CHPT at key levelI hope all is well.
CHPT is resting around on a key level.
It is also in a right-angled broadening formation at the bottom.
And the bottom indicator is flashing green.
CHPT ChargePoint Holdings Options Ahead of EarningsIf you haven`t bought CHPT before the previous earnings:
Now analyzing the options chain and the chart patterns of CHPT ChargePoint Holdings prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $0.13.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CHPT ready to break out? This might be a shit stock. I do not know. But here is a bullish scenario for those of you who are trading it or bag holding.
If this thing gaps up on Monday I would back up the truck and hold for a couple of days.
If we open lower, watching for a backtest of prior week's high at $1.53 lowest. Or a flush and reclaim. If that happens on a daily candle, get your space suit on.
React, don't predict.
Re-entering into the long position with buying more quantitiesMy long continues with CHPT at a discount price of $1.5 range to the same TP at $6 / share
CHPT - TGT $5 (2026)I think CHPT has started showing some positive smaller financial growth. The subscription business model remains intact although TSLA is the main challenge. Regardless, this company can increase their expansion to EU and elsewhere in the coming years. They do not seem to have such plans. I can only think of local i.e. US growth atm to consider some price growth. Selling pressure has been reduced so far.
ChargePoint long ideaI think ChargePoint is at an accumulation area and is building up to shoot up. This is a very long-term idea.
6/5/24 - $chpt - tough burn/ environment/ high disc rate-caution6/5/24 - vrockstar - NYSE:CHPT - 3 yrs of cash burn runway generously (probably more like 2), trends last 2 Q's have been particuarly bad, electric factor/ hype has defn taken a backseat in the last months and simply put there's a lot of dilution happening here too at the stock comp level. i'd expect a raise at some pt which probably holds the upside hostage and if you were so inclined to bet on the long term (very heady analyst estimates for growth in the 2-3y context - i'd not do this, but you do you), then perhaps you'll see a better entry in the coming weeks/ month(s) esp as higher rates further pound these higher discount rate biz's into the ground.
CHPT - Short-Term Bottom Bounce PlayChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States.
Disclaimer: This content is for informational purposes only and is not intended as financial advice.
Investment Overview (Dated 04/23/24):
Shares Outstanding: 369.79 million
Short Interest: 31.28%
Market Activity:
Recent transactions include notable block buys, indicating increased trading volume and investor interest.
Strategy Insight:
This appears to be a bottom bounce play, suitable primarily for short-term trading strategies.
Key Technical Levels:
Trading Strategy:
Take Profit (TP): Establish a profit target at approximately $1.70 to secure earnings.
Stop Loss (SL): Implement a stop loss under $1.30 to protect against significant losses.
Chart Analysis: For a comprehensive understanding of price actions and trends, please review the accompanying chart.
Trading Caution: Trading involves significant risks. It is crucial to evaluate market conditions and your risk tolerance carefully. Always conduct thorough research or consult with a financial advisor before making any trading decisions.
CHPT - EYING LONG POSITION.ChargePoint, the EV charging bigwig, saw its shares jump, riding the wave of Blink Charging's unexpectedly strong preliminary Q4 earnings. I was able to catch a 30% gain on Blinks run after previous quarter reports, though a rival.. BLNKS performace may be similar to ChargePoint, eyeing their own March 5 Q4 earnings release, crossing fingers for a similar beat.
Yet, with the stock price way off its peak—down a whopping 95%—and trading at about 1.6 times this year's expected revenue, some folks see it as sitting at a solid support level. I'm keeping an eye out, hoping to scoop some shares under the $2 point of control (PoC), targeting the $2.50 zone for a potential bounce back.
But let's not sugarcoat it: Despite the tempting valuation, ChargePoint's path to positive gross margins and profitability remains a steep climb, especially with the EV market's growth expected to slow. For those of us willing to play the long game and stomach some risk, ChargePoint's battered stock might just offer that explosive upside we're hunting for. Yet, it's a speculative play, Good Luck Guys!
CHPT Bull vs Bear technicalsCurrently on the weekly using my rsi/ Bollinger strategy the rsi with rsi ma turned on (which is a slept on indicator that most people turn off, that literally gives buy and sell signals lol). Anyhow the rsi has bounced off of the rsi ma on weekly. The crossing of the two usually leads to a move to the ma of the Bollinger bands which is 1st target. A cross of the rsi and rsi ma on the 3 week would confirm the move to the second target. The price is currently in a falling wedge pattern with bullish divergence on the weekly and also bounced off a fib level at the low. However if the weekly rsi crosses back under the rsi ma the price is definitely going to double bottom or going lower towards bottom of band. Given the current EV climate that could be the outcome. My thoughts on it. Going long. Good luck, NFA.
Chargepoint Holdings buyHello traders, here is my next IDEA. Chargepoint Holdings. I currently see a major move in the next 4 weeks due to technical indicators and the beginning of the season for the company. Always think about your risk. The entry is currently perfect with an SL 2% below the low price. Also note the candlestick timeline at SL. Good luck
CHPT, Charging its way to an UPSIDE move... soon!CHPT last quarterly earnings we're mostly on the optimistic side as EPS numbers are up -- beat by 11.43% (from expected figures).
On the weekly data, the stock net buy positions is increasing on a daily basis -- anticipating the company's long term price growth.
Volume is up by two folds from its average figures, from 15.69M to 33.87M. Net buying activity is up by more than 100%.
It is now sitting a 1.0 FIB LEVEL -- the most discounted price you could get. Best to seed at this price level. 8.0 to 9.0 price level has been a quite solid support historically.
Expect some significant bounce from the current price range.
On weekly histogram, higher lows has been created depicting that an upward price shift is about to commence.
OTHER KEY NOTES: WEEKLY descending trendline broken, 1st Bubble up volume (bottom indicator) appeared after almost 3 months.
Spotted at 8.0
TAYOR.
Safeguard capital always.
