Coupang (CPNG: NYSE)

Coupang’s (CPNG) shift in business strategy towards sustainable profitability has proven to be successful, reflected in its strong financial performance in 2023. The e-commerce giant recorded significant revenue growth and a substantial net profit, highlighting the effectiveness of its revised approach.

The recent implementation of a price increase for its Coupang Wow subscription service is expected to further boost profitability, potentially generating an additional $400 million in EBITDA. This move demonstrates Coupang’s ability to leverage its subscription model to drive revenue growth while enhancing customer value.

Despite being the largest e-commerce platform in South Korea with a considerable market share, Coupang still has ample room for expansion within the broader commerce market. With its share of the country’s overall commerce market standing at less than 5%, there is significant potential for Coupang to attract new users and increase its existing users’ wallet share, thereby further expanding its market presence.

Given these positive developments, a bullish outlook on CPNG above the $19.50-$20.00 level seems justified. An upside target of $31.00-$32.00 reflects the potential for continued growth and value appreciation as Coupang executes its strategic initiatives and captures a larger share of the South Korean commerce market.

Royal Caribbean (RCL: NYSE)

Royal Caribbean Cruises (RCL) is poised to capitalize on the robust rebound in the cruise industry following the challenges posed by the pandemic. With a significant increase in the number of cruise passengers in recent years, surpassing pre-pandemic levels, RCL stands to benefit from this resurgence in demand.

One notable trend is the growing popularity of cruises among younger generations, with a substantial portion of cruise travelers now under the age of 40. Additionally, a significant percentage of recent cruisers are new passengers, indicating an expanding customer base with long-term value for RCL.

Despite strong pricing, RCL has already booked a considerable portion of its occupancy for 2024, demonstrating robust demand for its cruise offerings. The company’s plans to increase capacity by 5% further underscore the strength of its market position and consumer appeal.

Given these favorable trends, a bullish outlook on RCL above the $121.00-$122.00 level seems justified. An upside target of $180.00-$182.00 reflects the potential for continued growth and value appreciation as RCL capitalizes on the resurgence in cruise travel and expands its market share.

Bitcoin (BTCUSDT)

BTC’s recent recovery to around $63,300 indicates bullish momentum, with a potential test of the $66,000 to $67,500 resistance zone looming ahead. This area coincides with the 50-day Moving Average (blue line) and the 0.618 Fibonacci retracement level, making it a significant barrier to overcome. Additionally, the daily Stochastic RSI nearing the overbought territory suggests a possible rejection at this resistance zone.

Given these factors, traders should exercise caution and closely monitor price action around the $66,000 to $67,500 level. A rejection at this resistance zone could lead to a pullback, potentially finding support at lower levels.

Sui (SUIUSDT)

SUI is currently finding support at $1 after filling the FVG, indicating potential readiness for the next upward move. However, its trajectory may be influenced by Bitcoin’s performance in the coming week.

In the event of continued weakness in BTC, there’s a possibility for SUI to revisit the support level at $0.885. Conversely, if BTC exhibits strength, SUI may retest the outlined resistances.

Consider entering the trade within the range of $1.15 to $1.05. This range aligns with the current support level and offers an opportunity to capitalize on potential upward movement. Target profit-taking at $1.31 or at the next resistance level around $1.65. These levels represent areas where price may encounter resistance and present opportunities to secure profits.

Set a stop-loss order at $1 to manage potential losses. This risk management measure aims to limit downside risk in case of adverse price movements.

As always, closely monitoring BTC’s performance and adjusting the trade strategy accordingly is advisable. Adapting to changing market conditions can help optimize trading decisions and mitigate risks effectively.