Broke the major uptrend, now retesting its bottom. It's an IPO and the Lockup Period will hurt it badly since the ER was bad. Juat something to consider.
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.
Why: Warren Buffet and Bill Gates moved most if not all of their stocks out of tech and into other Sectors....At the bottom of the list of their stocks they heavily invested in was this stock...I found it odd out of the bunch it was the only one I didnt recognize. So it peaked my interest. From what I gather its kind of like the Chinese AMZN but smaller. Taking...
First I want to give mad props to MADO for his/her Divergence MACD Indicator. I found this last night and this is what I have found while using it. Although it doesn't preplot every divergence I would like to see and there are a lot of other things I wish it did...maybe some programmer or Mado themselves would like to help put what I see all together into one...
