 Boom What's up money gigs mr. V here welcome to another video guys so into this video I want us to talk about charge point to Kisimo CHP T So this is a stock that we've covered here on the channel. I've gone through this cover charge point as a company I've covered charge point as my top Charging company and also I've covered charge point as one of their companies that you should be looking into as The Biden administration make their move towards electrifying America So again charge point has been making some moves and positioning themselves to be a leader in that space So that's what I want us to talk about into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on you Content so when it comes to charge point guys again, like I said, I've actually covered these give you guys my perspective on it If we see where everything is shifting towards is shifting towards electric vehicles and for electric vehicles to successfully operate They need a bunch of charging stations and network of charging stations So not just one company is gonna be able to provide all this charging stations gonna be a network if you look at gas stations There's multiple companies. I mean they're talking about hundreds of companies that have different gas stations across the country So expect the exact same thing with charging stations. We see Tesla We see a bling. We see Evie go. We see Evie box We see charge point all these companies are working to try to electrify America And also there's some other players that are not really putting them their face out there yet But they are coming so I see charge point as one of the companies that is positioning themselves to really be In that space and have their face so that when we talk about electric vehicle charging station You want to mention charge points? So let's kind of jump in and take a look and I'm going to give you guys Some of the reasons why I think that Charge point is actually headed in the direction that it's going to charge point as a company that provides A charging station for different vehicles different companies and what they do is they put these charging stations in different locations They could put it at your business location They could put it at maybe like your apartment complex either supporting Stadium or whichever locations that you can find even like your shopping mall or whatever And then people charge their vehicles for a fee So when you're shopping your vehicle is charging you just come back on plug it and then you drive You go so there's no need for you to stop Charging station. The reason why I'm actually covering this is because um, there is this news of um, you know Charge point making some moves. They just bought this. I'm a Volkswagen backed charging software firm For 295 Million so again, you can see that they are expanding They're trying to build a network bring in all the technology that would help them Move forward in this space and establish as a player So when I see them establishing and making moves like this that gets me excited So that's why I want to make sure that you guys are also aware of it So if we just go back here and look at the chart here for a charge point, this is six months Let's go back today. So just today alone. I'm doing this video. They are up or close to about six percent But again, this is where I want to show you guys so you can see because charge point has been one of my best swing Stock, let me show you why I think that has been the case. So let's go back here six months Look at where charge point was um back in january It's trading all all the way up there at about 40 dollars and some change And then uh in march, we had that pullback a kid This thing came down all the way to about 20 dollars in march about march 20 feet And then look at that pull up all the way to 31 And then pull back down again here if I can get there This is april 20th Pull back up to 26 Pull down again back here to 20 that's may 13 And then squeeze all the way up to a high of 35 almost 36 dollars. That is june 29 Before pulling back again down to 22 Just uh june uh july 16 and then now it's time to curl back up. So and in this case So if we follow this pattern that is we this graph has been giving us I anticipate this thing moving up all the way back to testing 28 29 even as far as testing 30 So if you if we can catch it here and write it all the way to 30 that is a five dollar spread That's why I love charge point as a swing trade. They have been so kind to me So I do like the stock so you can play this in one or two ways So you can either play uh here that you're buying to swing it because um Under around 20 dollars. That is an excellent spot to buy long term But if you're just swinging yeah from around 25 to 30, that's not a bad place You can definitely swing there uh and make some profit So if this thing curls back up again all the way to 30 like we've seen here You take profit and then hopefully that we don't get another pull back If we get another pull back you rinse and repeat. That's just the basic strategy there guys But I want to caution you for one important thing. There's some news that came out Just recently as you can see here. Elon Musk actually confirmed that they're going to open up their super charge Yeah, super charger network to order cars this year. So um, it's now just going to be Dedicated to tesla vehicles. If you have another Vehicle, let's say you have a gmc or a fort Lightning truck you can charge it at a tesla super charger station So that's something that you want to be aware of because if tesla is not opening up to other companies It brings in competition But guess what competition is good for business in this case would be let the best company win And so tesla has they mean they have the the reputation The build the build good technology and so I want to see that Charge point is going to also step up and do it and be in that space. So again, this is just a caution I don't think it's going to really impact the the price of charge point or bling that much But just something that you you want to be aware of so again Just a quick recap here charge point is one of their the companies that are really establishing themselves as You know their future of charging stations in america and so far They've been making the moves acquiring other companies expanding their technology Expanding their footprint so that people become aware of them So I I want you to have this if you don't already put it back in your mind If you don't want to buy it long term at least take advantage of the dips here and swing This particular stock so again the reason why is because we look at the charts here Has been giving us opportunities to swing Over and over again each time this thing comes down to around 20 20 21 22 It bounces right off and squeeze up all the way to 30 and then pull back bounce and squeeze That's just the way it's been working again I'm not guaranteeing you that you're going to go in it's going to work exactly the same But I'm showing you guys why I've been able to take profit off of this continuously swing trading Charge point. So that's what I wanted to cover in this video. So again guys If if you're not in charge point and you're looking to get in I would say if if you see comes back to under to 20 or under 20 Definitely a place to buy and hold long term But if you're just looking to swing trade each time it comes down under 25 At usually a good spot you pick it there write it all the way to 30 and then you you get out So that would be something that you definitely want to keep in mind charge point has the possibility of Running all the way to 30 35 But I want you to be caution when you go and treat like especially if you're swing trading this I want you to have a stop loss not just swing trade because you want to swing trade Decide say if I go into this trade I put in my order and if charge point pulls back How much are you willing to lose are you willing to lose 50 cents per share? Are you willing to lose a dollar per share? To make five or six dollars You have to do that and be comfortable with it and you put that stop loss so that if it hits it You you can still get back in and buy the bottom instead of sitting in there and watch it go all the way down You're sitting in the red You cannot use that liquidity to do any other thing because it's trapped in that trade Until it goes back up if you can sell it and then next thing you know You're holding it back for longer than you heard Anticipated to always make sure that when you go into a string trade You know when to cut your losses and get out and so they can reuse that liquidity and buy even the bottom If it if it's another bottom you can buy that and keep you going So that's it for this video guys again Let me know in the comment section what you think about is do you currently have charge point your portfolio? Have you been swinging charge point? What's your strategy? What do you think about charge point in tesla right now getting into the space where they are opening up their charger? Your super charger network to every car manufacturer again Let me know In the comment section if you're new to the channel guys We talk about how to earn money how to save money how to invest and build wealth If there's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content also guys if you're looking to get started with investing Weibo has the promotion where if you sign up and deposit a hundred dollars You get free stocks links in the description below and as always guys Do your due diligence. Don't be a goodness savage. Stay motivated