CHPT - Short-Term Bottom Bounce Play

meitshel Updated   
NYSE:CHPT   ChargePoint Holdings, Inc.
ChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States.

Disclaimer: This content is for informational purposes only and is not intended as financial advice.

Investment Overview (Dated 04/23/24):

Shares Outstanding: 369.79 million
Short Interest: 31.28%

Market Activity:

Recent transactions include notable block buys, indicating increased trading volume and investor interest.

Strategy Insight:

This appears to be a bottom bounce play, suitable primarily for short-term trading strategies.

Key Technical Levels:

Trading Strategy:

Take Profit (TP): Establish a profit target at approximately $1.70 to secure earnings.

Stop Loss (SL): Implement a stop loss under $1.30 to protect against significant losses.

Chart Analysis: For a comprehensive understanding of price actions and trends, please review the accompanying chart.

Trading Caution: Trading involves significant risks. It is crucial to evaluate market conditions and your risk tolerance carefully. Always conduct thorough research or consult with a financial advisor before making any trading decisions.

Trade closed: stop reached
Entry was bad - TP reached after stop loss triggerd

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