$CHPT Triple Bottom breakout$CHPT ChargePoint
triple bottom
bullish pennant
bullish divergence
High probability trade. Calls above 27 pt of 31
CHPT trade ideas
CHPT charting ideaHello, I consider very much consider myself a novice at trading as I am have only been doing it for a year. So with that being said this is clearly not trading advice.
Just looking to improve my charting ideas, so I figured I'd use this platform to its fullest. Let me know what you think!
$CHPT Target PTs 32-38 and higherPivoting off Support and up-trending towards two Resistance levels
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.
Chargepoint Triple BottomIt also has triple bottom with bullish divergence on the daily macd and 4 hour.
Its close to breaking the demand line too.
ThoughtsWill this hold ? or drop from here.
I see it as triple bottom with bullish divergence in RSI, Need this to push it up from here.
Breakout From Falling Wedge
Here it looks like we're getting another trend reversal on CHPT. Over the past 2 weeks it's been in a falling wedge pattern. Today we saw it break out of the falling wedge and retest the previous resistance as support. Then from there it jumped up about 5%, so great bullish signal we broke out of the downwards trend.
Not only that but we also have a triple bottom now at the 19-20 dollar range in the last several months. I'll be catching it on a dip tomorrow and jumping in to ride it back up to the 30-32$ range for a swing. Hopefully we get a Biden green infrastructure announcement to help give it a little boost over the next 2 weeks.
Chargepoint (Update)What do you think?
Like Follow Agree Disagree!
Sold around $29/$30 looking for another jump!
$CHPT Technical Analysis$CHPT Key Levels
Supports:
- $22.00
- $19.50
Resistances:
- $24.50
- $26.73
- $28.77 (Point of Control)
- $30.00
- $32.48
CHARGEPOINT - TA CHPT seems to me very bearish, like almost everything. Volume is fading down, MACD bearish crossed, Stochastic Bearish Crossed, ADX shows that there is a trend, also there is the huge gap that needs to get fill so I believe that the next stop will be in our next price zone, around 20.52. I would wait more till the candlesticks will cross the FIB 0.618 for more certainty.
Chargepoint- excellent long term play but.........Chargepoint trending down. Low volume. Price below 21 day moving average and above the 50. More divergence before crossover of MAs indicating a buy.
Possible retest of support around 20-22 within few weeks.
Pattern- multiple bottom.
MACD cross over in a few weeks to signal a rally.
After testing support, charge point will rally . Chargepoint is a fundamentally strong stock. it is about getting the right bargain price to enter which is 20-22 dollars.
This is not financial advice. For educational purposes only.
CHPT - Uptrending Channel!As we can see from this chart, ChargePoint likes to get into channels and create waves within them.
Looks like we are in a 3rd channel that CHPT created so far. It will most possibly fall down like it did in previous
channels and rise up from there!
Let's watch and see!
CHPT daily fib levels (see 1h chart)Like this one, high short interest. More info on my 1h chart post. Seeing some flow in 35c for next week, may follow.
CHPT 1h IHS patternCHPT is a highly shorted stock.
From a fundamental perspective I would not invest. Tesla dominates EV charging.
However, speculation is high in EV and charging and will continue under Biden. If big tech melts up, clean energy could follow as we saw in the Fall.
The technicals are lining up with short interest for a squeeze. See my daily chart for more confirmation, 32.50 is the conservative entry.
Chargepoint indicating ascending FlagBased on my analysis only a few stocks will rise within the next 3-4 months. Overall within this year it is no brainer to hold if you are are a passive investor. I have listed when I would enter and when I am planing to exit.
CHPT Cup & HandlePossible cup & handle forming on Chargepoint. They make EV chargers, bullish on infrastructure news.
