Apr. 16 at 2:28 AM
$CPNG 8H — Hasn't closed above BOTH the 50 SMA and 100 SMA simultaneously since November 2025.
Until today.
Every bounce since November failed at those MAs. They've been the ceiling for 5 months.
Now:
✅ 50 SMA (
$19.92) — reclaimed
✅ 100 SMA (
$20.50) — reclaimed
⏳ 200 SMA (
$23–
$24) — next target
RSI off sub-20 historic oversold. Volume building. VPVR air pocket above
$21.30.
Arrow 1 (2025): same MA reclaim → ran from
$16 to
$34 (112%)
Arrow 2 (today): same setup, same signal
🔴 Res:
$23–
$24 (200 SMA) /
$25.35 /
$26.91
🟢 Sup:
$20.50 (100 SMA) /
$19.92 (50 SMA) /
$18.14
5 months of resistance just flipped to support. #CPNG #Coupang #hovdid