CPNG 2024-05-29 looks bullishsCPNG has a tight consolidation for a few weeks, good ROE and Sales growth. A position with tight stop can be entered here.
CPNG trade ideas
5/7/24 - $cpng - good setup, valuation; swing long5/7/24 - 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, ownership table on a "miss" and 6) importantly a beat here probably sticks and this rips higher with many playing catch up ex post. i think despite the wonky risk tape (which my bias remains more neutral to negative in the 1 mo timeframe - or at least exercising more caution on non-mega-caps), this is probably a good risk pump into the print, LONG; beware of the gap around $20, however... i'm at the size where if print is fine but we gap down b/c it's not a smash, i'll be buying that gap; like the multi-month swing here.
📦💼 Coupang (CPNG) Analysis 💡📈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, potentially adding $400 million in EBITDA.
Room for Expansion:
As the largest e-commerce platform in South Korea with less than 5% market share in the overall commerce market, Coupang has ample room for expansion. Potential to attract new users and increase wallet share among existing users presents significant market growth opportunities.
Investment Outlook:
Bullish outlook on NYSE:CPNG above $19.50-$20.00.
Upside target of $31.00-$32.00 reflects continued growth and value appreciation as Coupang executes strategic initiatives and expands market share in South Korea.
📊🚀 Keep an eye on CPNG's growth trajectory! #Coupang #InvestmentAnalysis 🌐
CPNG LONGCPNG
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
Coupang Rockets Skyward After Membership Fee HikeSouth 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 30% increase in its stock value.
Founded in 2010, Coupang ( NYSE:CPNG ) has solidified its position as South Korea's leading e-commerce powerhouse, with its shares prominently listed on the New York Stock Exchange.
The catalyst behind today's meteoric rise? Coupang's ( NYSE:CPNG ) decision to up its Wow membership fees. Announced through a press release in Korea, the company revealed plans to hike the monthly fee to 7,890 won ($5.70) from its previous 4,990 won ($3.61). This adjustment, akin to Amazon's Prime membership model, promises an array of perks including free shipping, access to Coupang's streaming services, and complimentary food delivery, among other benefits.
However, this move hasn't been without its share of criticism, as some users voiced displeasure online. Nevertheless, Coupang ( NYSE:CPNG ) remains undeterred in its commitment to enhancing member benefits and user experience within the Wow ecosystem.
The timing of this fee revision aligns with Coupang's ( NYSE:CPNG ) stunning financial performance, notably highlighted by its fourth-quarter earnings report. Revenue surged by 23% to $6.6 billion, comfortably surpassing market expectations. Moreover, the company reported a significant turnaround in operating income, a testament to its strategic investments and operational efficiency.
Despite its impressive strides, Coupang ( NYSE:CPNG ) faces stiff competition, particularly from the likes of China-based e-commerce giants PDD Holdings and Alibaba, both eyeing expansion in the South Korean market. However, Coupang ( NYSE:CPNG ) has remained proactive, expanding its footprint while making strategic acquisitions such as the recent $500 million investment in luxury goods e-commerce platform Farfetch.
Analysts remain bullish on Coupang's prospects, projecting a robust sales growth of 18% to $28.75 billion for 2024. Additionally, adjusted earnings are anticipated to climb to 28 cents per share, signaling continued profitability and shareholder value creation.
From a technical standpoint, Coupang's ( NYSE:CPNG ) breakout heralds a bullish trend, setting the stage for potential further gains. Despite still being a ways off from its all-time high, investor sentiment remains optimistic, with Coupang ( NYSE:CPNG ) holding a commendable Relative Strength Index (RSI) of 78.82 giving further room for growth.
As Coupang ( NYSE:CPNG ) continues to scale new heights, investors eagerly await further developments and anticipate continued growth in the company's market presence and shareholder value.
CPRG: Looking Toward End of 2024Fundamentals:
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 been the initial area of entry that I desired. However, my 5EMAs signal is good enough for an entry right here at this price.
$CPNG has potentialOn 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 breaking out of resistanceCoupang 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 $40 this year.
COUPANG Stock Chart Fibonacci Analysis 030524Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 19.3/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
coupang longhighest probability if down trend breaks with successful re-test. targets above mapped out. gap at 35$. higher probability of reversal after long consolidation/accumulation
CPNG - ready for wave 2?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
CPNG Coupang Options Ahead of EarningsAnalyzing 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 to read your opinion about it.
CPNG - Pennant Breakout test
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
nibbling on the ear of CPNG coupang south korean ecommerce 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 this year and next for the next 2 decades.
Potential for $CPNG to break out of the consolidation soon 🚨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.
Buy on rebound at 1st supportCoupang saw a strong bullish upside after a bullish hammer was seen rebounding a the first support. Target resistance is at 18.36
Coupang - EW countThis would be the likely wave count (bullish)
Redline is a must hold. below that other (bearish) options open up
Update of a previous tradeSee 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.
Coupang: Sky is the limitInteresting 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.
CPNG | Oversold eCommerce Play | BounceCoupang, 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, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. It also performs operations and support services in China, Singapore, Japan, Taiwan, and the United States. Coupang, Inc. was incorporated in 2010 and is headquartered in Seoul, South Korea.
CPNG FORECASTRally 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 market
The stock price is a reflection of your reputation how much people are willing to pay for you
personally they really need to work on brand recognition and sales not summer job recognition might even falll to 22 cents and range there unless they do something big or new its not looking too good AMZN might just expand territory while they finding way to compensate depreciating assets 🤧
Coupang, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 5,037.82 million compared to USD 4,478.11 million a year ago. Net loss was USD 75.49 million compared to USD 518.6 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.3 a year ago.For the six months, revenue was USD 10,154.51 million compared to USD 8,684.97 million a year ago. Net loss was USD 284.79 million compared to USD 813.63 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.74 a year ago.
Source: www.investing.com
Maybe spending is affected by inflation
Source: www.cnbc.com
that would be a good excuse however consumer spending has risen
Source: tradingeconomics.com
where the money going rnd ,sng no
www.bloomberg.com
lastly people dont like the fees
markets.businessinsider.com
Bom-Kim better get creative
SENNA SEASON
Coupang Inverse Look1. 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 with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CPNG after a Positive Under reaction following its earnings release placing the stock in drift A.
