CheelooTrader

CPNG - Pennant Breakout test

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NYSE:CPNG   Coupang, Inc.

  • 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

交易开始:
Holding well above the MAs and around the trendline. Breakout will need additional volume...Likely to remain choppy below 20.
交易开始:
Playing as per plan. I got shaken out last week, but set up is too strong to ignore. Will add soon.
交易手动结束:
As expected acting choppy. Closed yesterday. will watch for another entry.

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