Morning Trend | Coupang sees intense long and short battles at high levels, can the main force sustain the primary upward wave?
Coupang (CPNG.US) experienced significant volatility during trading yesterday, with short-term liquidity clearly increasing and bullish forces in the community gradually accumulating. Traders are actively discussing the company's positive third-quarter earnings report, which has propelled the stock price to break through the previous consolidation platform and test the high points during the trading session. Technically, the daily MACD red bars continue to expand, and the moving average system is in a bullish arrangement, coupled with a continuous inflow of funds, creating a growing atmosphere for the initiation of a main upward wave. On the news front, the market is focused on Coupang's new round of traffic growth in the South Korean domestic market and rumors of expansion in Southeast Asia. Community KOLs frequently post analyses, highlighting the increase in the company's e-commerce platform penetration rate combined with logistics efficiency upgrades, making the short- to medium-term logic favored by large funds. Recently, foreign institutions have frequently increased their holdings, which has made the expectation of "main forces pushing the main upward wave" more FOMO-driven. However, some cautious voices point out that the current RSI is at a relatively high level, and attention should be paid to the rapid volatility risk after high-level capital control. Observing the market, the divergence between bulls and bears increased before yesterday's close, with sectors initially rising and then fluctuating, driven by speculative psychology. The intraday volume curve showed a clear step-like increase, suggesting that the main forces may be testing at high levels and building momentum for the next directional move. Data from the capital leaderboard indicates that the volume has not yet shown extreme expansion, and some market participants are still waiting for a second confirmation signal. If there is a sustained increase in volume that breaks through the main resistance area in the near term, short-term FOMO funds may "vote with their feet," pushing prices further upward. However, if there is resistance at high levels and an overall market correction occurs, a sharp wave of volatility may erupt at any time
Coupang (CPNG.US) experienced significant volatility during trading yesterday, with short-term liquidity clearly increasing and bullish sentiment gradually building in the community. Traders are actively discussing the company's positive third-quarter earnings report, which has propelled the stock price to break through the previous consolidation range and test the high points during the intraday session. From a technical perspective, the daily MACD red bars continue to expand, the moving average system is in a bullish arrangement, and with funds continuously flowing back in, the atmosphere for a major upward wave is becoming more pronounced.
On the news front, the market is focusing on Coupang's new round of traffic growth in the South Korean domestic market and rumors of expansion in Southeast Asia. Community KOLs are frequently posting analyses, highlighting the increased penetration rate of the company's e-commerce platform combined with upgraded logistics efficiency, making the short- to medium-term logic favored by large funds. Recently, foreign institutions have been increasing their holdings, which has heightened expectations of "main forces driving the major upward wave," creating a stronger FOMO sentiment. However, some cautious voices are warning that the current RSI is at a relatively high level, and attention should be paid to the rapid volatility risk after high-level capital control.
Observing the market, the divergence between bulls and bears increased before yesterday's close, with the sector initially rallying and then fluctuating, driven by speculative psychology. The intraday volume curve showed a clear stepped increase, suggesting that the main forces may be testing at high levels and building momentum for the next directional move. Data from the capital leaderboard indicates that volume has not yet shown extreme expansion, and some market participants are still waiting for a second confirmation signal. If there is a sustained increase in volume that breaks through the main resistance area in the near term, short-term FOMO funds may "vote with their feet," further opening up upward price space. However, if there is resistance at high levels and an overall market pullback occurs, a sharp wave of volatility could erupt at any time.
In summary, the current sentiment for CPNG is clearly bullish, but the market is highly sensitive. Technical analysts suggest paying attention to the 5-day moving average and volume coordination; a significant pullback from high levels could easily trigger panic selling. In terms of operations, it is recommended that right-side players respond flexibly, seizing trading opportunities for pullbacks and intraday movements, while continuing to monitor the main forces' activities and sector rotation rhythm
