This will be a rare, long term hold for me, and I Iike this buy zone. A stop loss just below ATL makes sense. Also, according to 13F filings, a buy here is WELL below that of Bill Gates, Jeremy Grantham, and George Soros, who bought in at the $40 range.
Coupang, Inc ( Amazon of Korea)
Entry CPNG@ $40 Target@ $500 Jul 1, 2026 Long Term
Entry CPNG@ $38 Target@ $500 Jul 1, 2026 Long Term
Entry CPNG@ $37 Target@ $100 Jan 30, 2023 Short Term
Entry CPNG@ $35 Target@ $100 Jan 30, 2023 Short Term
Technical Chart Analysis Conditions:
1. Break-below Support $40
2. Break-out of channel above $45
3. Minor Pullback...
Asset and Time frame -CPNG,4H
Entry Price -43.17
Exit(Stop Loss) -41.36
Exit(Take Profit) -51.86
Technical Analysis -Price has started going up and sideways for some time with some decent bullish volume spikes,price has broke trough a resistance level and now will try to retest and keep going up, price is currently above the 4H MA.