Coupang CPNG Stock & Option Trade Ideas

Based on the technical data for CPNG, here is an analysis of the stock:

The Moving Average Convergence Divergence (MACD) crossed above the Signal Line on 2024-04-01, indicating a potential bullish signal. The RSI has fluctuated between overbought and oversold levels, currently standing at 53.9, suggesting a neutral standpoint.

The Bollinger Bands indicate a widening range, potentially signaling increased volatility ahead.

Considering the analysis, here are some potential trading strategies for CPNG:

• Stock Trade: Consider a long position if the price breaks above the upper Bollinger Band with confirmation from the MACD. Set a tight stop loss below the middle Bollinger Band.
• Option Trade: For bullish traders, a call option with a strike price near the current price could be considered. Alternatively, for bearish traders, a put option with a strike price near the lower Bollinger Band might be an option.
• Risk Management: It is essential to use stop-loss orders to limit potential losses and consider the overall market conditions before initiating any trades.