As of May 22, 2026, CPNG (Coupang Inc.) is in a falling knife state on the daily chart, with a confidence level of 74%. Key support is at $15.5 and key resistance at $18.5. Sharp selloff into a fresh swing low near $15s, then small bounce; price ($16.12) remains below all key MAs with RSI ~$36 (weak momentum).
Dead-cat bounce / relief rally into the falling EMA50/overhead supply, then rejection and another leg down (Elliott: likely still in an impulsive wave 3/5 down or extending C-wave; Fib: bounce often stalls near 38.2% of last downswing ~ $18-$19).
Near-term low holds and a base forms; price reclaims EMA50 and starts wave-1 / wave-A up toward the first heavy moving-average cluster (SMA50/EMA100 zone).
Daily close below $15.50
Two daily closes back above $18.50 (EMA50 area) holding
Scale-in only near/under the current swing-low support ($15s) and into next Fib/round-number demand ($14, then $13-$14) because trend is still down and overhead MAs are heavy resistance.
Trim into MA200 zones (EMA200/SMA200 overhead supply around low-$20s to mid-$20s) and fully exit near prior cycle supply/peak region ($30-$33) where long-term upside becomes stretched.
As of May 22, 2026, CPNG (Coupang Inc.) is in a falling knife state on the daily chart with 74% confidence. Sharp selloff into a fresh swing low near $15s, then small bounce; price ($16.12) remains below all key MAs with RSI ~$36 (weak momentum).
On the daily timeframe, CPNG has key support at $15.5 and key resistance at $18.5. The most likely scenario (bearish) targets $18.5 and $14.0, with a revert level at $17.2.
CPNG (Coupang Inc.) is currently classified as falling knife on the daily chart, with 74% confidence. Confirmation requires: Daily close below $15.50 This would be invalidated by: Two daily closes back above $18.50 (EMA50 area) holding
The most likely scenario (bearish) targets $18.5 and $14.0, with a revert level at $17.2. The alternative scenario (bullish) targets $19.4 and $21.0.
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