CHPT - Perfectly Strong Trendline!-CHPT will give you steady perfect returns!
-Mid-term returns: 25%
CHPT trade ideas
$CHPT possible pull back soon*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 $31.41 per share.
For those of you who remember our original take profit on $CHPT was $31 because we suspected a resistance around the $32-33 price zone. For that reason alone, we do not think its wise to average up or enter right now until further notice.
My team plans to average up one last time on $CHPT if the opportunity presents itself, but in the meantime we plan to sit back and enjoy how deep in profits we're now on this trade.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
ChargePoint - CHPT - Still looking Bullish!ChargePoint - CHPT - Still looking Bullish! 50% - 100% potential?
$CHPT June 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*
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 confidence.
We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21. From their the price moved further up and now rests at $28.31.
My team has increased our previous take profit target of $31 up to $37.
ChargePoint - CHPT - To the Moon? Charts are looking Fire!ChargePoint - CHPT - To the Moon? Charts are looking Fire! WoW! But who knows?
CHPT - Amazing Entry Time-We’ve seen a brutal bear market tear through growth stocks. While that has helped shake out some weak hands, it has also brought down high-quality stocks too. For instance, ChargePoint (NYSE:CHPT) is down massively from its highs, as investors dump CHPT stock and its peers.
-The company was founded in 2007, so it’s not a flash-in-the-pan new arrival looking to take advantage of a hot trend and make a quick buck. The company has more than 132,000 charging locations in North America and Europe. That number swells to almost 160,000 locations when taking into account integrations with other networks.
-Further, ChargePoint has “more market share (at more than 70%) in networked level 2 charging than the closest competitor in North America.”
-More importantly, it has the “largest online network of independently owned EV charging stations operating in 14 countries and makes the technology used in it.” As the trends in EV continue to push further, so too does business for ChargePoint. Consensus expectations call for solid growth as a result.
-If we can see 40% growth this year, then 69% next, then 75% in the following year, we are talking about several years of strong and accelerating growth.
-If this company is doing almost $1 billion in revenue in just a couple of years, We believe it’s undervalued today.
-There has been an enormous push toward electric vehicles (EVs). That’s evident by new entrants, momentum in the stocks and in vehicle sales. Heck, the largest EV producer in the world just said it’s sold out for the quarter already. At one point, its market cap swelled to the point where it was larger than every other automaker in the world.
-More and more drivers are realizing the benefits to EVs. Longer driving ranges are easing what’s referred to as “range anxiety,” but so too is ChargePoint.
-As more EVs come to market from more producers, consumers will inevitably need more charging stations. The leading EV producer in the U.S. built its own network for its customers. At the time, it needed to, to help persuade customers to buy its vehicles.
Is $CHPT ready to charge? We think so. *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*
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 confidence.
After correcting from a previous all time high of $49.48 it now sits at $24.35. My team expects $chpt to perform well short term, and we plan to capitalize by averaging up next week.
ORIGINAL ENTRY @$22
AVERAGING UP @$24.35
TAKE PROFIT @$31
STOP LOSS @ 20.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Chargepoint - CHPT - Stock - $20 support has been holding!Chargepoint - CHPT - Stock - $20 support has been holding! Will it breakout? What are your thoughts?
$CHPT Target 38.24 for 24.89% $CHPT Target 38.24 for 24.89%
Or next add level is at 23.00
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
CHPT is not long yet10 day RSI pointing down and decreasing volume. Bull run may be over. Be vigilant.
CHPT this week and nextThis is an update to my previous chart linked below. I will be looking for a buy in ~$19.50 and sell at ~$26.
CHPT BUY/LONG NOW READY 23.00 to 59.00 By End 2021TICKER CODE: CHPT
Company Name: ChargePoint Holdings, Inc.
Industry: Consumer Cyclical | Specialty Retail | USA
Position Proposed: BUY
Technical Analysis
1. Falling Wedge / Pennant (Potentially breaking out soon)
2. Fibonacci Retracement at 0.786 ( Silver Zone) which is also sitting on the previous structure level
3 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (23.00=25.00)
1st Partial Take Profit: 59.00 (August-End 2021)
2nd Take Profit: 83.00 (Mid-End 2022)
