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 been the initial area of entry that I desired. However, my 5EMAs signal is good enough for an entry right here at this price.
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.
Comment:
CPNG gave a daily shallow pb signal with hidden bullish divergence at confluence of fib support. I am not entering more, but we are on the way...
Comment:
...forgot to mention the daily morning star after the bounce from support.
Comment:
"Coupang Reportedly Raising Wow Membership Fees By 58%; Shares Rise. Coupang (CPNG) is raising its Wow membership fee to 7,890 Korean won ($5.7) from 4,990 won, multiple media outlets reported, citing the company. New subscribers will pay the increased price from Saturday, while current subscribers' price will also be hiked from August, The Korea Times reported."
"New members of Coupang's Wow membership will likely see more discounts in the future. Based on data from major organizations such as Statistics Korea, and assuming consumers' typical spending patterns, it is estimated that Wow members who routinely use all five services, including free shipping, returns, direct purchases, OTT and food delivery, can save an average of 970,000 won per year compared to non-members," The Korea Times quoted a Coupang spokesperson as saying." www.tradingview.com/...20240412:A3115953:0/
"New members of Coupang's Wow membership will likely see more discounts in the future. Based on data from major organizations such as Statistics Korea, and assuming consumers' typical spending patterns, it is estimated that Wow members who routinely use all five services, including free shipping, returns, direct purchases, OTT and food delivery, can save an average of 970,000 won per year compared to non-members," The Korea Times quoted a Coupang spokesperson as saying." www.tradingview.com/...20240412:A3115953:0/
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.