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.
Coupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company sells various products and services in the categories of home goods and decor products, apparel, beauty products, fresh food and groceries,...
Rally base drop and june -july was the rally
now we finish off the crash hopefully cpng will have the technical double bottom and proceed to make gains(hopefully).
What i have learnt from my casestudy of market crashes is consistent sales and growth or menial loss in a company
is a good way to identify survivors in this jungle no profit is bad enough in a normal...
1. Probable break out of resistance zone. Consolidation.
2. Inverse candles Triangle Break out. Consolidating at lower side of triangle
DYOR. Just my look at different inverse look.
$CPNG
have been stalking this for several weeks. bottomed and RS since May. remains in consolidated range for over past 3 months yet recapturing all over its key moving averages. leadership price action over its industry peers $BABA, $AMZN, $SE
a decent setup on the weekly
1. MONTHLY chart has stacking 'inverse hammers'
2. WEEKLY chart - solid double top formed
3. DAILY chart - nice selling that broke the MONTHLY-WEEKLY opens
4. last 3 days pennant forming (nice compression)
I like this setting up for a breakdown...the next close below 15.83 will probably send this down to 12
The techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok...
Hello dear Traders,
Here is my idea for #CPNG
Price closed on daily chart below yellow trigger line (previous month low) - Trade active.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
Coupang, Inc. engages in operating e-commerce platform. It operates through the Product Commerce and Growth Initiatives segments. The Product Commerce segment provides core retail and marketplace offerings and Rocket Fresh, as well as advertising products associated with these offerings. The Growth Initiatives segment includes nascent offerings and services,...
