$CPNG FINALLY BREAKS-OUT of the Downtrending Channel
CPNGAll of the positive indicators are combining for this underestimated stock:
1. The stock price candle of Feb 28 breaks out of the downtrending channel by more than 3% for the first time since Jul 2021.
2. Moving average of 7 days is just about to cross above the MA of 20 days
3. Volume increase as the price increases “MOMENTUM”
4. Clear Cup and Handle chart pattern is formed indicating a technical price target of $30
5. MACD cross up to the positive side above zero line.
** Technical Analysis CPNG next price target is 30.05 in the short period of time**
Hopefully the actual Q4 earnings meets or even beats its consensus earnings estimate, which could positively impact the price of the stock in the short term.
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