CHPT Prediction for tomorrow and the next week.

For background, CHPT is the USA's largest provider of EV charging stations and along with Biden's goal for some 500,000 charging stations by 2030, there is great potential in the fundamentals. However, recently fundamentals have seemed to matter less and less so I turn to the chart. CHPT has shown strong support at the $19.10 range and resistance at the $32 mark and most recently $27 mark. If CHPT is able to bounce off of the $19.10 support I see three possibilities. 1) It hits the $27 resistance and bounces down. 2) It passes through the $27 resistance, hits $32 and bounces down. 3) It breaks through both the $27 and $32 mark and continues to rise (in my opinion unlikely). I believe the best play here is one that follows the scenario of 2. This being an entry at the $27.50 mark and an exit at the $31.50 mark. I am not a financial advisor and please do your own DD. Any critiques or suggestions to this play are highly appreciated. Happy Trading!

Comentário:

Please excuse the title. I meant next month*.