5/7/24 - vrockstar - one of these names where it's already 1) reached take off velocity and prints have been good 2) not a cash burner and 3) net cash balance important in this macro 4) pick a metric for valuation 40-50x ebitda probably not the right one given the 20-30% rev cagr depending on how bearish/ bullish you are 5) likely a name that has a bid given size,...
Shift to Sustainable Profitability:
Coupang's focus on sustainable profitability has yielded positive results, with robust financial performance in 2023 driven by significant revenue growth and substantial net profit.
Subscription Service Enhancement:
Recent price increases for Coupang Wow subscription service are expected to further boost profitability,...
CPNG
TARGET 24.00
N pattern on Coupang.
CPNG recently increased membership price and company did buy back shares, which could increase the share price for now.
Daily Stochasitc/RSI both shows more room to upside
NYSE:CPNG
South Korea's e-commerce titan, Coupang ( NYSE:CPNG ), soared to new heights today following news of a membership fee increase. With a staggering 12% surge in recent trading, Coupang's ( NYSE:CPNG ) stock rocketed to $21.38, marking an impressive leap from its previous levels. This bullish momentum underscores the company's robust start to the year, with a nearly...
Fundamentals:
For the first two quarters, the earnings are projected to be terrible, but in the 3rd quarter, there will be a revival.
I am in early because I have a signal on the daily.
Technicals:
Daily shallow 5EMAs pb strategy
ADX tredny
uRd
Engulfing with good volume
Weekly:
Weekly new stage 3.
Comment:
If it retraces to 16ish, then that would have...
On the weekly, this is a relatively young IPO that's been working on stage 1 after a brutal stage 4 decline. Holding in the upper range now and showing institutional demand.
Cup with handle on the daily chart.
Held up very well last couple weeks with handle low potentially in.
Coupang is breaking out of strong resistance that it has tested 4 times (now 5) in the past 18 months. Once it clears $20, expect it to retest the resistance band and flip it to support. Its next levels of resistance are $25 and $30 based on its previous crashing pattern. I expect this stock to reach $40 this year.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 19.3/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
highest probability if down trend breaks with successful re-test. targets above mapped out. gap at 35$. higher probability of reversal after long consolidation/accumulation
Looked at this after seeing it on Druckenmillers 13f. It will likely reject at the AVWAP from the August 2023 high, but momentum indicators have turned bullish. Note the purple AVWAP from IPO overhead trending toward ~20.50, which coincides with consensus 12mo price targets
Analyzing the options chain and the chart patterns of CPNG Coupang prior to the earnings report this week,
I would consider purchasing the 16.40usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
Price coiling above 200DMA on a 7x volume. Yesterday's reversal was very timely. now it needs to push to 20 and again base there for a breakout to test 27 where sellers would show up.
Plenty of time to get in. test of 20 and breakout will provide bigger R/R as nervous sellers could put downward pressure below.
Disclaimer: Long via commons at 16.63
near 1x sales on anything gets me interested.
the money bleeading is slowing down.
share count still rising a little.
close to break even.
has a positive tangible book.
3.8 billion in cash and equivalents.
ill start to nibble and watch.
small size small risk. tiny position. will see how market plays out month by month.
looking for 20% growers to buy...
Good risk to reward and will watch for any drop below $14 to indicate weakness. If the price breaks above the 200-period moving average, then the profit target will be $28.
See my previous post. I'm still holding, like a mentioned before this is going to take some time to build up. I'm willing to wait because if it breaks out is going to be massive.
Interesting setup. Price has been accumulating since August 2022, I may need more accumulation but I'm willing to wait out. I have this in my long term portfolio, when it breaks is going to be violent.
