 boom. What's up money geeks? Mr. V here. Welcome to another video guys. So into this video we are going to talk about Charge Point Ticket Symbol CHPT. So this is one of the charging station stocks that we've covered here on the channel. I did a video about my top five charging stations. So if you didn't watch that video I'm going to hook it up here so you can definitely go check that out. So today I want us to cover a charge point because I think there's an interesting opportunity here with the stock. So before we get started guys if you're new to the channel we talked about how to earn money, how to save money, how to invest and build wealth. So if that'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. So when it comes to charge point again it's one of the top names for a charging station with the evolution of electric vehicles we're going to see charge point and all the other charging stations continue to grow and evolve. So most recently we've heard about the infrastructure bill that's been going through Congress. So charge point has a major place in that bill because they plan on spending over billions of dollars in distributing or creating charge stations across the entire country. So again this is something that the progressives in Congress are actually pushing for. So again so charge point comes into play here because once this goes through they are going to benefit tremendously from that bill. So you talk about 85 billion dollars in infrastructure to try to put charging stations across the country and charge point has already established himself as a viable business and so I see them benefiting a lot from this. Again just about 29 House Democrats are actually really supporting like 100 I think 100 pushing for 160 billion dollars in the infrastructure space for spending for electric vehicles as well as charge stations. So right now it's pretty quiet but as this bill mixes way through the House and through the Senate you're going to see more and more news come out and you're going to see charge points start picking up. So again this has been a stock that we've been trading it and just swinging the stock up more often than not because it's just constantly been going up and then pulling back going up and pulling back and not holding. So again let me let me kind of walk you guys through the stock here so you can actually see. So right now we're doing this video see it's selling somewhere about 21 dollars and 19 cents but you might be thinking like oh maybe I should buy this and swing the stock right now. If I were you I'll probably pump the breaks a little bit because I don't think we're there yet. Most importantly charge point has their earnings report coming out on Wednesday I think September 1st after hours and it doesn't look too good. They are going to lose money come Wednesday when they release their earnings because again the company is burning money is still in the early stages of the company they're still doing a lot of research and development and trying to come up with new technologies new products to establish themselves in the marketplace so they're putting a lot of money back into the company. So their earnings is definitely not going to come out on the good side so they're probably going to lose money which from that perspective the stock the stock price is definitely going to drop after their earnings call. So if we go back here let's say six months I'm going to show you guys how this has really worked out. So notice that each time support has been somewhere around 20 dollars right see each time it hits 20 dollars it bounces right back squeeze up to 31 right there right here again it bounces off of that 20 dollar price point right here bounces over that 20 dollar price point and right now we are so close here it didn't get all the way to 20 around 22 but right now we are so close to that 20 dollar price point and I think that come Wednesday we're going to see that push down to that 20 dollar price point which if that's the bounce point and then I'm going to I'm going to buy for a swing trade so I'm going to buy again to watch this thing go up to maybe uh up sometimes it goes to about 30 but my range would be somewhere between 25 and 30 dollars to take profit so if you were thinking of uh swing trading this one right now I said pump the brakes wait Wednesday after hours when your earnings come out the stock price is going to drop and when it drops right there buy the dip and then write this thing all the way up again like I said the infrastructure bill is a major player here so as progressives and democrats push this through the congress we're going to see this particular stock stop to benefit from it and all the other charging stocks are really definitely going to benefit from this so again look at the six months chart here at 20 dollars support point has been constant it's been working so I'm not going to deviate from that so I'm going to put I'm going to put my order right at 20 and then hopefully move it uh see what happens because come Wednesday as soon as the earnings come out I'm going to see because it's probably going to pull back it wouldn't even surprise me this thing pulls down all the way to 19 but at that point I'm going to buy that or I'm going to buy it right at that 19 and then hold it and write it back all the way to 25 between 25 and 30 bucks for some profit so that is my game plan for charge point again this is really basing that on the fact that the infrastructure bill is going through congress they're talking about spending a tremendous amount of money on the EV space on electric vehicles and charging stations I mean right now they have about 85 billion dollars allocated for charging infrastructure and then we have the progressives are actually pushing for about 160 billion for electric vehicle rebates and charging station so we'll see how the fight goes down but again that is what I plan on doing again the earnings are coming out on Wednesday which I don't think they're going to beat any earnings they're going to actually lose money that's going to push the price of the stock down and then you can swing it from that point when it bounces off that 20 even if it gets below 20 anything below 20 I'm scooping in at that particular point so that is my game plan for charge point so again this is a stock that you can potentially buy long term but the way the stock has been trading I'm going to keep buying the dip and going through this you just kind of like hey buy it goes up I sell and repeat the process and then some at some point I'm going to buy a few and hold long term but for now I'm just raising and repeat I'm not going to worry about holding long term I'm going to raise and repeat as soon as it goes up until this infrastructure bills goes through congress and if these bills get voted in then that's when I'm probably going to hold for a long time and see what happens but for now nope raise and repeat at that $20 support point so that's my game plan so let me know in the comment section what you think about this do you think oh Mr. V all this thing in congress is just politicians being politicians they're not going to do anything all this is not going to go through or you think progressives are going to have their way this they're going to get the hundred and sixty billion dollars for infrastructure spending again let me know what you think in the comment section if you're new to the channel we talk about how to earn money how to save money how to invest and build wealth so if that's something that interests you go ahead and hit that subscribe button and a notification bell so you don't miss out on new content also guys if you are looking to get started investing webo has their promotion where if you sign up and deposit five dollars you get free stocks and no cost to you i'll put the links in the description below and as always guys do you do diligence don't be greedy savage stay motivated