Upcoming TeleTrade Webinar by Marios Athinodorou
Topic: How to Trade Bill Williams Alligator and Fractals
Thursday 12/04 at 15:00 (GMT+3)
Sign up here!
Coupang is the largest e-commerce site in South Korea and entered the market in 2010. Its annual sales revenues are more than $3 billion. With a value of more than $5 billion and $1.4 billion in venture capital investment, this company considers as one of the fastest-growing company in South Korea, and it is growing in a very competitive market. Based on CNBC, it is a strong candidate for an IPO in 2019 or 2020.
A competitive advantage of Coupang over Amazon is the refund. For example, in case you bought an item from Coupang and you want to return it for any reason, you can do it with just few clicks on their app. Then you place the item outside your door with no invoice or boxes and they will come and pick it up in few hours. After, you get your refund. There is no doubt that this is an awesome service! Another considerable competitive advantage against Amazon is that Coupang usually delivers within the same day or the next day the latest. The considerably cheap delivery service gives Coupang another advantage.
Bom Kim, founder and CEO of Coupang, stated: "The way we've approached it is integrating from end to end, we've built our own last mile". Currently, Coupang has more than 10.000 employees, including 4.000 delivery drivers. Moreover, the company keeps records of all customers’ interactions for a more refined service.
The Bank of America Merrill Lynch is telling their customers that mutual funds have greater and larger stakes in Amazon and Netflix compared to the market indexes. A possible outcome of this could be a hit on the Amazon stock. Additionally, President Trump has tweeted about Amazon many times in recent days. Among others, the President claimed that Amazon had not paid the post office for its delivery services. According to CNBC, Amazon and Netflix shares dropped more 11% over the last week. Both stocks fell more than 5% on Monday.
Amazon: Technical Analysis
Based on the Ichimoku system, it could be noticed that, at the moment, the Amazon stock seems to be on a bearish mode. The price, the lines Kijun Sen and Tekan Sen, and Chikou Span appear below the cloud. We could probably wait to see the price reaching the Tekan Sen and bounce for a potential bear signal.
About the Author:
Marios Athinodorou is TeleTrade’s market analyst and commentator. Apart from being an experienced trader, Marios is an advanced technical analyst and is interested in trading psychology. He has 7 years of trading expertise in Forex and CFDs, providing insights to share with all kinds of traders, from beginners to experts. Among others, Marios is delivering weekly trading webinars. Sign up for upcoming webinars, here.
Disclaimer: Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and education purposes. Personal Opinion of the Author does not represent and should not be construed as a statement or an investment advice made by TeleTrade. All Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
Risk Warning: Investment services are provided by TeleTrade-DJ International Consulting Ltd, a Cyprus Investment Firm under reg. number HE272810 operating in accordance with MiFID, under license 158/11 by the Cyprus Securities and Exchange Commission. Trading in leveraged derivative financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not a reliable indicator of future results. Indiscriminate reliance on informational or historical materials may lead to losses.