In the daily bar chart of COUP, below, we can see a strong rally from February to early September. Prices correct to the downside in October and a small double bottom is seen in November and December. Prices quickly came back up to the September highs and pushed still higher to new high ground. COUP began the new year above the rising 50-day and 200-day moving average lines and it only got stronger.
Looking at the daily On-Balance-Volume (OBV) line gives us another bullish clue -- notice how shallow the decline is for the OBV line in October and November when prices corrected? Not look at the middle of January where the OBV leads prices with its breakout to a new high.
The Moving Average Convergence Divergence (MACD) oscillator gave an outright go long signal in early January, ahead of the new highs.
In this weekly bar chart of COUP, below, we can see that prices are above the rising 40-week moving average line. The weekly OBV line is at a new high to confirm the price gains and the weekly MACD oscillator crossed to a fresh buy signal.
In this Point and Figure chart of COUP, below, we can see the big rally, the consolidation pattern and the new highs. A longer-term upside price target of $148 is being projected. Impressive.
Bottom-line strategy: COUP is behaving like a strong or rather a very strong stock. That means you should not wait for much if any of a pullback to buy. Risk to $75 and look for gains to $100 and then the $148 area.