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.
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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.