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.
Nota
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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