xbullbear not sure what you're trading (shares, spreads, naked options, etc.) but from a technical perspective CHPT is at a good demand zone/support, however trend is not signaling up yet.
If I was looking long, I'd wait for a break out of the wedge (dashed line) first, and the 21EMA with confirmation similar to May's price action. An alarm set at $22 would work or a limit buy if you're short term trading up to volume resistance at 26 zone.
A longer term buy idea would be to wait for $26 resistance to break which should send this to $30+ and higher.
Fundamentally they need to start turning a profit to justify the long term bull case.
Hope that was helpful ! :)
If I was looking long, I'd wait for a break out of the wedge (dashed line) first, and the 21EMA with confirmation similar to May's price action. An alarm set at $22 would work or a limit buy if you're short term trading up to volume resistance at 26 zone.
A longer term buy idea would be to wait for $26 resistance to break which should send this to $30+ and higher.
Fundamentally they need to start turning a profit to justify the long term bull case.
Hope that was helpful ! :)
Note
Indices are red are CHPT is up almost 2% . Given this price action I started a position on 10/15 23$ calls , small size
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.