Coupang is the South Korean Amazon.

It’s a South Korean e-commerce company that offers fast delivery, groceries, and other online retail services.

Although margins are pretty slim, revenue growth is still accelerating.

After a double bottom, it formed a base with low volume which means very few sellers. Now, it’s just broken out on big volume with good follow-through. You can tell institutions are buying in, and the relative strength is hitting new highs too.

I’m bullish on the sector overall. That’s why I have a sizeable position in Sea Limited ($SE) right now.

Zooming out, it really feels like this is just getting started. After grinding sideways for over three years, it’s finally breaking into a proper Stage 2 uptrend.