CHPT trade ideas
Local bottom @$20. Just buy this thing - 50% upside CHPT chart
60% retracement from ATH
double bottom formation
TD 4hourly on a Red 9 buy signal today
0.7 fib support
Trend reversal here likely
Just buy this thing for a 50% upside
CHPTCHPT chart self explanatory. Biden 2.2T infrastucture plan with allocation to EV should give this an extra boost to break out.
Chargepoint CHPTI love the EV market and wanted to play it safe.
1. Since 2007, we’ve focused solely on offering the best electric vehicle (EV) charging experience for everyone involved in the shift to electric mobility.
2. Growing patent portfolio and 20+ awards for our technology (from World Economic Forum, Goldman Sachs, Electrek, CNBC and more)
3. 60% of Fortune 50 companies are ChargePoint customers
Details in photo!
potential dip entry ?nice bounce off support here, could head higher back to 28-30 before we meet the top trendline resistance. over top trendline and 35 resistance and we can see a test of 52w highs
Chargepoint!Details in Photo!
Feel Me Flow!
What you think?
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Let's be great today champ!
CHPT Elliot Wave analysisChargepoint is an EV charging play. In my opinion the best way to play the EV bullmarket the coming 4 years is in the EV charging sector. Chargepoint provides almost 70% of all the charging stations in the US. The shareprice dropped the last week after the merger with SBE was completed. From my view this has completed wave 2 and started wave 3.
Pricetarget shortterm: above $49 for a new high (I think this move will be rather quick because shortfloat is currently 36%)
After that we should consolidate for a while while fundamentals catch up and slowly move up to:
Pricetarget 1-2 years: $80 (elliotwave wave 3)
~Slippe
ChargePoint IdeaAn idea for NYSE:CHPT most recent movement.
Entered @ $21.28 currently up 26.85%, thinking from a novice point of view some sort of consolidation
would come after a increase like that and late investors running in to catch the wave up. I can also see this dipping a bit to open opportunity for investors looking to enter, seeing how the sell off has been going lately in the market. We are new to charts and analysis. Any tips to help us improve would be greatly appreciated!
ChargePointAfter following our predictions, now CHPT is set to face 2 support points that can help it rise back up.
Market volatility is still high so lets wait and see how CHPT reacts to it!
Champ at it's cornerThis stock got oversold to the corner, RSI and SMI hitting the lowest since march last year and also showed higher low 2 times
Nevertheless, unfortunate baby still got some confident as Morgan Standly brought it more four times around mid Feburary and still hold their ground untill now. As their average is around 28 (fintel.io), It's convinced me that this price wont go below that this
However there're some risk such as low freefloat at 25% or some hedge(f...ing)fund has been shot this stock
for quite sometimes at 29% of it's exists share (Check here > fintel.io)
I believe this March is the time for this stock to fight back.
