 Hey, what's up you two? I'm Zeke and welcome to the dream green show. In this episode we're going to be going over one of the largest electric vehicle charging station companies in the world, ChargePoint. They just had an earnings report and it blew everyone out of the water where ChargePoint was viewed as a SPAC and when it asked all SPACs was out there was getting killed. ChargePoint emerged out of all of these SPACs to be a very successful company. If we're thinking about the future, ChargePoint is an electric vehicle charging station, one of the largest charging stations companies in the world. Now that is like us investing into Exxon, Shell, all the oil companies went forward built the first combustion engine car. That is like us investing into the oil industry then knowing that hey in the very future we will be only a piece of every gas station that Shell and Exxon and all these other gas companies have built. So us investing into pretty much any charging station company right now, if we're thinking 10, 20 years down in the future, we will be very rich. But the one that I like the most is ChargePoint and in this video I'm going to go over the earnings report. We're going to do a technical analysis and why I love what this company is doing right now to make me pick them over all the other electric vehicle charging stations out there guys. So make sure you stick out the entire video so you don't miss any important information. But before we dive into this video, this video is brought to you by Weeble. Sign up now by clicking the link down in the description to $100 and now you can receive two free stocks value up to $2,300. With those two free stocks you could keep them inside the platform and decide to use it or you could sell those two free stocks and withdraw all of your money. It's literally free money. Also there's a brand new broker shop up there called Moomoo. And we all know when there's a new broker shop they're giving away tons of free stocks just to get users to sign up. So right now if you sign up with Moomoo the $1,100 you'll receive all kinds of free stocks just from joining that platform as well. And I have a ton of other ways that you could earn free stocks on that app. So don't miss out on that great opportunity while a company is so giving guys. But enough talking, let's go ahead and dive straight into this video. Welcome back dreamers. Here we are on ChargePoint tick assemble CHPT. So let me show you guys exactly what happened after ours when they had did the earnings report for Q2. Here we go guys. So ChargePoint was around $21.09. Now when we do our technical analysis we know that ChargePoint has almost quadrupled bottom at around $20. So we expected them to shoot up during the earnings report but not this much guys. That went from being down 1.4% on the week to being up 9% on the week. So a 10% difference in the earnings report. So that had a lot of great things to say about this company. A lot of people were wondering if it's overvalued at $20. Well no as you guys can see it shot up. A lot of people started to collect profits and it started to pull back. So it's ChargePoint at a fair price right now for us to get in at $22.11. Well let's take a quick look at the earnings report and try to figure a little bit of this out. Here we are on Yahoo Finance. They pretty much did a summary over ChargePoint's earnings call. Okay so here we go. The quarterly revenue increased 61% year over year. Alright so that's amazing guys. ChargePoint have over a $7 billion market cap and for it to still be increasing 61% year over year that is amazing. Alright so the full year revenue guidance raised 15% to $225 to $235 million. 15% guys just last year alone they expected it to be around $198 million which is important in the company because you don't have your CEO out there overvaluing, overestimating your company. In fact they're underestimating their company. Last year during this time they predicted that it should be around $198 million was actually around $235 million so it's very important that they're underestimating their company and not having a bad CEO out there over hyping the company, over doing everything just to raise the stock price of this company. In fact they're low-balling it so when great things happens like this earning reports the price of the stock goes up guys and this is going to be very important to us in the near future. So the activated ports exceeded over 118,000 as of July 31st with over 5,400 in Europe and over 3,700 DC fast charge reports. So in the next 10, 20, 30, 40, 50 years there's going to be more and more and more electric vehicles out there on the road every single year it should probably double every single year from here on out to where there's eventually more electric vehicles on the road than gas combustion engines and we're going to need places to charge them the infrastructure is just not set up yet. In fact President Biden he has set up a bill a trillion dollar bill to where the infrastructure of electric vehicle charging stations need to be increased by the year 2030 and it's a trillion dollar deal so once they get passed the biggest charging station company in the world aka charge point is probably going to get most of that money in order to set up the charging station infrastructure throughout all North America. Another great news source about charge point is that they are actually acquiring smaller companies so a company that was just suspect is now out there acquiring other companies. They acquired a company in Astridam V-Re City and they allowed them to get an extra 2,500 network points set up over there in Amsterdam so with a company like this already acquiring other smaller companies and acquiring different building companies in order to build more of their charging ports across the entire world this is a company I want to be invested in and this and that's why I invest into charge point over some of these other companies so let's do a quick technical analysis over charge point to see if you guys would like to get in at around the $22 price point. Okay here we are on charge point this is the four hour charge so pretty much the entire year of charge point being public let's pull out the box so I can show you guys the bottom. All right so when I say that it had a quadruple bottom right in this zone right here there we go guys it came down bam touched right here at 1950 touched right here at 1974 touched right here at 1950 touched again right here in 1962 came all the way back down touched that $20 came back down touched again at $20 so that's one two three four five six times it did not want to fall below the the $20 ish price point and I told you guys if charge point do fall below $20 that would be a great buying opportunity for me but it just do not want to fall below $20 so me seeing charge point at the $20 price range might be a good thing for me but there is a little bit of a resistance zone right here if we draw this out this line right here bam bam all right so this was a resistance zone it had a downtrend pattern right here but of course when it came out with the earnings report it shot all the way up from $21 to $23.89 and then and people started to collect profit in the pullback so if it does pull back to the $20 price point you would see me buy in but if you're a swing trader and you're just trying to get in I will wait until it breaks above the 180 day EMA which is around $25 that way you could start swinging it back all the way up to around the $36 price point in fact let's pull out the short term Fibonacci sequence right quick all the way down from the bottom and put that thing on up to the very top so I will wait until it breaks above the 180 day EMA and probably takes some profits around the $29 price point but I would say this if charge point does pull back around to $20 to our $19.89 $19.99 I'm going to buy a bunch of more shares but if it doesn't pull back I will wait until it starts to trade above the 180 day EMA line and then just dollar costs in and swing traders bad boy all the way back up to new all-time high around $36 hopefully we could get there by the end of the year rq1 of 2022 and there we go guys let me know what you think about charge point down in the comments section they had a killer earnings report they're acquiring other companies they putting out charging stations all over the world it's all of a matter of time before there's more that your vehicles on the road than there are gas combustion engines on the road so let me know what you think about this strategy right here we got to think about the future and this is us thinking about the future right now what we what can we invest in today to where when we look back in the past 20 years from now we've been like dang I should about that of course we've seen all of these companies coming out with electric vehicles and we should have got in on charging stations so of course we should have done that don't let opportunities like this pass you by but once again I am not a financial advisor do your own research but before we go out of this don't forget to pick up your two free stocks from Weeble deposit $100 sign up for Momo get your free stocks from that as well don't miss out on free money guys it's free money but that's all I got to say leave a thumbs up if you made it to the end of this video and subscribe to the channel other than that I'm Zeke bring you to dream green show and I'm out peace