CHPT will come down once more before long IMO.
10 day RSI pointing down and decreasing volume. Bull run may be over. Be vigilant.
This is an update to my previous chart linked below. I will be looking for a buy in ~$19.50 and sell at ~$26.
For background, CHPT is the USA's largest provider of EV charging stations and along with Biden's goal for some 500,000 charging stations by 2030, there is great potential in the fundamentals. However, recently fundamentals have seemed to matter less and less so I turn to the chart. CHPT has shown strong support at the $19.10 range and resistance at the $32 mark...