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Coupang Could Make a Bigger Trading Bounce

·2 min read
Coupang Could Make a Bigger Trading Bounce
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Coupang, Inc. (CPNG) is a South Korea-based e-commerce company founded by Bom Kim back in 2010 and it got a favorable nod by a sell side firm Friday. In this daily bar chart of CPNG, below, we can see that prices were cut from $45 per share to only $10 per share. CPNG has turned sideways after a decline and has rallied above the declining 50-day moving average line.