Looks Bearish?Googled bear flags and saw some examples. CHPT doesn't look promising in the short-term. I hope I'm wrong! I understand the good job numbers negatively impact Tech and Growth stocks.
CHPT trade ideas
CHPTInverse head and shoulder pattern
MktCap 7.47B
Price $24.88 (AH)
Price target $27.62/ 31.15
Stop loss $22.78
IMO
CHPT ready to ripCHPT looking to hold support on the 200ema on the 30min right before Biden speaks about EVs.
CHPT LONGLooking for DCA around $22-19 zone.
Long term $40 ish price targets.
Posting for personal reflection going forward.
** NOT TRADING ADVICE **
CHPT - Beautiful and Bullish!-If won't break down from this bullish run, we can expect 2 great profit taking levels ahead!
CHPTWouldn't mind picking up some shares here for the long term hold. CHPT is deciding where to go and recently fell due to the secondary offering which closed yesterday, but CHPT and EVs are the future... especially when you have a US President like Biden who is pushing spending for building infrastructure and when climate change is really starting to take a toll (I'm looking at you, 120F degree temperature in Portland.. flood in Germany.. CA yearly wildfires.. and this one hits close to home, snowmageddon in TX earlier this year.)
Also, biggest charging station infrastructure in Europe.
$CHPT July 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*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $28.01 per share.
My team planned to average up one last time on $CHPT if the opportunity presented itself...that time has come
My team bought more $CHPT shares today at $27.80 per share. This is our 3rd and final entry.
We have also raised our initial take profit to $41 per share.
1ST ENTRY: $22
2ND ENTRY: $24.35
3RD ENTRY: $27.80
TAKE PROFIT: $41
STOP PROFIT LOSS: $26
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Looking to pick up sharesCHPT has been selling off after their offering but still has held its long-term uptrend line. Looking to pick up shares but patiently waiting at the moment for it to find some support. Just some FIB levels to keep an eye on-
- Nearing the oversold range and has been selling off since they announced a public offering
- Broader markets pulling back
- Good long-term entries
CHPT - waiting for trend reversalLooks like it wants to go all the way down to $20ish. Patiently waiting for trend reversal for a decent re-entry.
**disclaimer - not an investment advice, I'm just a newbie practicing my chart analysis.
CHPT - Down Down Down ⬇️-Very volatile and bearish. Put/Call ratio looks pretty bearish as well standing at 57%-91% till the next month.
-Potential recovery may happen by the end of the month or at the first week of the next month
Ready to reverseFrom the retracement levels and the divergence it looks like the Wave 2 might just be over. Next few days will confirm.
Nice 15% SwingStrong support at s8 level, bounced off 200 MA, MACD and Rsi are making a turn to bullish, next resistance is 32, I will be selling half and selling other half at 34-35
Please feel free to critiqueThis is my 1st year of trading and my first time educating myself, learning about how to do my own DD and TAs.
It would mean the whole world to me if you share your thoughts about this. Thank you in advance and Happy 4th of July!!
ChargePoint - CHPT - Still trending up! Long term Options?ChargePoint - CHPT - Still trending up! Long term Options? Big gains being made in the options play for 1 and 2 month options. CHPT keeps charging ahead!
CHPT - To the R2 and back!-Formed a H&S which is currently pulling the price back to R2.
-Is a strong stock with great potential don't see it dropping for a long time.
-Bearish for now till it hits the R2.
