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.Note
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.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.