This Druck stock looks great

Following the “smart money’s” lead can stack the odds in your favor… [Justin Spittler's Trade of the Week] This Druck stock looks great Follow the “smart money.” We’ve all heard the saying. It basically means you can stack the odds in your favor by doing what the world’s best traders are doing. There are obviously many ways to do this… Which brings me to my latest Trade of the Week: Coupang (CPNG). Coupang is a $40 billion South Korean online retailer. It’s a clear leader within its industry, as evidenced by the company’s strong sales and earnings growth. So much so that it’s attracted the attention of the world’s greatest trader, Stanley Druckenmiller. According to the latest 13F filing for Duquesne Family Office (the hedge fund managed by Druckenmiller), Coupang is currently Druck’s second-largest holding. That alone will get my attention. But let me make something clear… You should never follow another investor blindly into a trade, not even Druckenmiller. The stock should still have a good-looking setup. That’s the case here. You can see what I mean below. CPNG is in the early stages of climbing out of a two-year base: Source: StockCharts ([click to enlarge]() That’s why I suggest picking up shares in CPNG today. I believe the stock could hit $32 over the next 12–18 months. Exit your position if CPNG closes below $20. That gives us a risk-reward ratio of more than 4:1 on this trade. Action to take: Buy CPNG at current market prices. Risk management: Exit your position if CPNG closes below $20. Justin Spittler Chief Trader, RiskHedge Share Your Thoughts on this Article [Post a Comment]( Keep up with RiskHedge on the go. Download the App [Get it on Google Play]( [Download on the App Store]( [QR Code] If someone forwarded you this email and you would like to be added to our email list to receive Justin Spittler's Trade of the Week every week, [simply sign up here.]( This email was sent to {EMAIL} as part of your subscription to Justin Spittler's Trade of the Week. To opt-out, please visit the [unsubscribe page](. [READ IMPORTANT DISCLOSURES HERE.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. Copyright 2024 RiskHedge. All Rights Reserved RiskHedge | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034