CHPT ready to break out?
This might be a shit stock. I do not know. But here is a bullish scenario for those of you who are trading it or bag holding.
If this thing gaps up on Monday I would back up the truck and hold for a couple of days.
If we open lower, watching for a backtest of prior week's high at $1.53 lowest. Or a flush and reclaim. If that happens on a daily candle, get your space suit on.
React, don't predict.
If this thing gaps up on Monday I would back up the truck and hold for a couple of days.
If we open lower, watching for a backtest of prior week's high at $1.53 lowest. Or a flush and reclaim. If that happens on a daily candle, get your space suit on.
React, don't predict.
Note
CHPT rallied 20% to $2.20 after I posted this and has since came back and tested the trendline breakout around $1.60. I still would have liked to see a tap of that weekly high $1.53 but it's not out of the question yet. I would think at least a decent bounce if it gets there. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.