*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $33.32 per share.
My team is now up more than 50 percent on $CHPT from our original entry at $22. We're satisfied with the performance of this trade and are trimming our positions at 33.32 today to secure profits.
My team still plans to average up one last time on $CHPT if the opportunity presents itself, but if $CHPT continues to uptrend and manages to hit our $37 take profit we will stick with our plan and exit the trade completely.
ORIGINAL ENTRY: $22
AVERAGED UP: $24.35
TRIMMED POSTIONS: $33.37
TAKE PROFIT: $37
STOP PROFIT LOSS: $27
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $33.32 per share.
My team is now up more than 50 percent on $CHPT from our original entry at $22. We're satisfied with the performance of this trade and are trimming our positions at 33.32 today to secure profits.
My team still plans to average up one last time on $CHPT if the opportunity presents itself, but if $CHPT continues to uptrend and manages to hit our $37 take profit we will stick with our plan and exit the trade completely.
ORIGINAL ENTRY: $22
AVERAGED UP: $24.35
TRIMMED POSTIONS: $33.37
TAKE PROFIT: $37
STOP PROFIT LOSS: $27
If you want to see more, please like and follow us @SimplyShowMeTheMoney
