$CHPT Looks like ChargePoint is getting ready to breakout of a consolidation area. See notations on chart. It is currently right at resistance area. I added a ¼ position today in anticipation of a breakout. I like that it is above the 8 and 21 EMA as well as the 50 DMA and 2 AVWAPS. However, it is still below the 200 DMA and the IPO AVWAP. You can see we have a higher low in. I will be looking to build out the position if / when it breakout out of this area with volume. You may want to put this one on your watchlist. Ideas, not investing / trading advice.
Comment:
Add this morning @ 17.10 to bring up to 1/2 size position. Stop moved up to breakeven @ average share cost.
Trade closed: stop reached:
That didn't last long. Out for a very small gain. I'll look for this to set-up again. Still on my watchlist.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.