@xbullbear not sure what you're trading (shares, spreads, naked options, etc.) but from a technical perspective CHPT is at a good demand zone/support, however trend is not signaling up yet.
If I was looking long, I'd wait for a break out of the wedge (dashed line) first, and the 21EMA with confirmation similar to May's price action. An alarm set at $22 would work or a limit buy if you're short term trading up to volume resistance at 26 zone.
A longer term buy idea would be to wait for $26 resistance to break which should send this to $30+ and higher.
Fundamentally they need to start turning a profit to justify the long term bull case.
Hope that was helpful ! :)
If I was looking long, I'd wait for a break out of the wedge (dashed line) first, and the 21EMA with confirmation similar to May's price action. An alarm set at $22 would work or a limit buy if you're short term trading up to volume resistance at 26 zone.
A longer term buy idea would be to wait for $26 resistance to break which should send this to $30+ and higher.
Fundamentally they need to start turning a profit to justify the long term bull case.
Hope that was helpful ! :)
Comment:
Indices are red are CHPT is up almost 2% . Given this price action I started a position on 10/15 23$ calls , small size