Tradezy67

CHPT Bull vs Bear technicals

BATS:CHPT   ChargePoint Holdings, Inc.
Currently on the weekly using my rsi/ Bollinger strategy the rsi with rsi ma turned on (which is a slept on indicator that most people turn off, that literally gives buy and sell signals lol). Anyhow the rsi has bounced off of the rsi ma on weekly. The crossing of the two usually leads to a move to the ma of the Bollinger bands which is 1st target. A cross of the rsi and rsi ma on the 3 week would confirm the move to the second target. The price is currently in a falling wedge pattern with bullish divergence on the weekly and also bounced off a fib level at the low. However if the weekly rsi crosses back under the rsi ma the price is definitely going to double bottom or going lower towards bottom of band. Given the current EV climate that could be the outcome. My thoughts on it. Going long. Good luck, NFA.
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