 Boom What's up money geeks? Mr. V here welcome to another video guys. So into this video We are going to talk about take a symbol C HPT charge point So we're covering charge points here not because there's some major news about the stock but because this talk has actually rich some technical analysis points that I like and I'm looking at at least a Reverser and maybe taking a swing trade in this particular zone So that's what I wanted to cover into this video But before we get started guys, we are 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 new content. So when it comes to charge point, we obviously know I mean when they are the number one Leader in the United States as far as providing Electrification charging stations across the country. So they lead that space They have about 70% of the market right now when it comes to a charging station. So there are the leaders Blaine has about 8% and then even go and all the other charging stations Share the remit their the remainder of the market, but charge point is the leader in that space If you haven't already definitely go to the website read about the company because they are doing some awesome things So for those of you that don't really know you can just look at it They have are they provide the services to businesses again Like I've talked about if you go to let's say target you would see a charging station outside You go to your local golf course like I did my local golf course and they had a charge point Station right there where people can actually charge the vehicles and so I mean I think it's a good idea So they they provide the solutions to individual to individuals Residential as well as commercial. So you would see Charge point in all these different locations again the reason why I wanted to cover charge point today Like I said is because they are From a technical analysis standpoint is stuck. It's actually get into a zone that I really like So I'm gonna jump right on here so we can actually take a look and see What that means so this is charge point and right now I have my chart set to this So you can see here So here's where I want you to pay attention to and this is what I am actually looking This is why I'm actually paying attention to this If we notice like charge point everyone their earnings came out thing two weeks ago So I and I was a little bit disappointed because I didn't anticipate that the earnings would be gonna be that good I know that they actually increased their revenue year over year But I didn't think it was gonna come out and be really positive So and that came out so much things somewhere around here. I know if you see this little spike right here It go it go it went from 21 to about 23 or 20. Yeah 23 That is because their revenue came out and was positive But then it look at that since then it pulled back So this is and when I did a video maybe two weeks ago when I talked about charge point That's why I kept saying like these levels down here. This is where I'm looking at that looking at buying charge point for a Potential reversal just go back here. This is what charge point has done in the past this $20 Price point here to me that is showing as support So if it breaks 20 and then that is a potential risk, but between Under 20 so between 20 and 19. I would definitely Feel comfortable taking a long position. So each time this stock is actually Come down to about 20 a bounce. So from here. Look at that all the way to 31 Pull back again hit 20 bounce all the way to 26 Bounce again when they hit 20 and this one got squeezed all the way to 30 almost 36 dollars and then Pull back and now was we'll see looking at that bounce off of That 20 so at these levels, this is where I feel comfortable Getting into the trade so again anything from 20 and 19 in that range I'm gonna definitely take a trade and I'm actually gonna be buying Option calls on this one. I'm not gonna buy the stock because I think that if I buy option calls I can potentially make a lot more money and risk less money Or tie up less liquidity in this swing trade. So I'll give you guys are Kind of my work through here. So if you take for instance, if you buy Let's say a hundred shares of charge point at $20 So you're looking at two grand to go into that trade. So if you buy call options because right, I'm actually looking at December 17 call options for charge point. I think strike price is about thirty eight dollars It's showing me right now. It's about the asset. There is about forty two dollars So I can buy a hundred shares for forty two dollars again in this case I'm buying one contract, which is a hundred shares and if this is new to you guys I'm actually working on some videos here where I'm going to share my option strategy I don't consider myself an expert in options But definitely I'm actually doing options and trading some options because it really allows me to use my liquidity Even more efficiently. So if I buy a hundred shares Here at 20 in which is one contract. It's gonna cost me forty two Dollars and the strike price is thirty eight bucks. So again, if if the I'm only risking forty two dollars To get a hundred shares in this case and if you bounce back and move all the way to that thirty eight dollar price point Guess what? I'm in the money. I'm gonna make some good money if it starts to pull back I can always close on that particular position and get out and not lose my entire Liquidity. So in this case, I'm risking forty two dollars for a potential of making Three four hundred dollars. So that's my game plan. So in this case, I might go in and buy maybe about ten contracts at forty two dollars and contracts cost me about four hundred and and twenty dollars compared to buying 100 shares outright at $2,000. So if you see right there, it just doesn't add up as far as using my liquidity the right way So that's my game plan. But again, what I wanted to show you guys is that this level right here This blue line, that's where I think I'm gonna start buying again under 20 somewhere around 1950 I'm gonna I'm gonna buy here Now for that reverser back to the upside if you can see here the first target here that I have it Somewhere about thirty three thirty three dollars. So that's my first target But it doesn't mean that you have to sit in the trade and wait until it gets to 33 You can start looking at your your take profit strategy So you can say hey if this thing goes from 20 to even if it hits 30 You can take 50% of your position out if it goes to 32 that you can take another 50% of your position out and then just a continuously take profit as it goes up To the point where if it gets to say 40, you may have about 10 or 15 percent of your position Again, you're still enjoying that benefit of not completing getting out of the trade So you have to have your personal Take profit strategy and if you can see down here the red line here where I have my stop loss Again in this case since I'm buying options if this thing starts to pull back Again, I don't want this thing to to to expire with me expanding zero So if it starts to pull back and it gets to these levels here I am just gonna close the position and take my loss and and walk away. But remember I'm only risking if I buy 100 if I buy 10 contracts at $42 that's only gonna cost me 420 but when I say risking 420, I'm not gonna sit here and watch the 420 disappear I'm gonna watch and as soon as I see like it's time to pull back if it's not the trade is not going in my Direction, then I'm gonna cut my losses and get out. So those are again I'm there the second target here the second green line up here. That's me being very ambitious Again, we can see here that this was back in December of our 2020 when he got to this high Up here at about 47 hours and then I think as of 2021 We only got to it back in January and sometime in March when we got up to 40 So ever since then the stack is just not being able to go crack that 40 again. So again this Target number two is me being ambitious But again target number one is where I would see if this thing bounce and squeeze back to the upside That's where I would see charge point making some waves. So we'll see how this goes But that's what I want to cover in this video. So again, this is my plan. This is my strategy There's no major news right now on charge point the only things that I see with charge point is because We'll talk they're talking about the infrastructure bill the infrastructure bill has a ton of our wording in there for electric vehicles electrifying America in Talking about building charging station across the country because right now for for for people that have electric vehicles One of the things that makes them panic a lot is because if you want to travel across the country The range for most electric vehicles right now is somewhere between 125 to 250 average, I know Cars like Tesla can go all the way to 400 Lucy just announced that they can do 520 so the range is Gradually increasing but the average right now is somewhere between 125 and 250 So that's not really gonna make somebody comfortable if you have to do a 600 mile Trip so you want to be sure because right now if you're doing it with your Combustion engine, you know for sure that is gas stations along the way that you can stop But if you don't even not sure about the charge station and then you might not feel comfortable taking that trip so I think Electrifying America and the infrastructure bill would be stuff that would really push this to to move forward if the Infrastructure bill goes through and then you might see charge point even skyrocket But again, it is no guarantee that's gonna go through so you have to be careful with your trade That's why we have stopped loss So that if you're going and the trade is not going in your favor You can always get out so this would be a swing trade opportunity for me And if you guys are also gonna get in the trade again guys I want you to do your analysis and make sure that you're doing the right thing Before getting into the trade so again My plan here is to swing this and take profit as it goes up So if I see like it's not gonna get to my my target number one Which is about 33 dollars then I'm gonna kind of start taking profit somewhere that I feel comfortable again You can never blow up your account securing profit So when it's profiting they take some you don't have to take you don't have to liquidate your position again Have a profit taking plan say put in when you set those targets Make sure you follow them if you say hey if it gets to 28 dollars I'm gonna sell 50 percent if you get to 28 sell 50 And then hold the remaining 50 percent just so you know for sure you're really secure some profit So if it gets to 33, I'm gonna say another 50 percent of what's left you sell 50 percent of what's left and hopefully See it move up to say 40 again. That's being very ambitious. So that's what we're gonna cover in this video Again, let me know in the comment section what you think you can really own charge point your portfolio if you do Then you can actually benefit from this if you bought it at these levels and then you can actually sell some cover calls It may be strike price of 38 so that if it goes up to that 38 you can still sell so you can sell it And make profit but again on top of the premium that you can get a collect from the cover call So those are some of the things that I'm gonna start talking a lot more about here on the channel because I've been getting a Lot of questions from people asking me if I do options I do trade options, but I haven't done any videos on that So I'm gonna start sharing that with you guys here on the channel again If you're new here, we talk 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 your content also guys if you're looking to get started with investing again I'm gonna put the links in the description below we both ask a tons of promotions Where if you sign up and deposit five dollars you get free stocks in us always guys Do you do diligence don't be a good savage stay motivated