Cup and Handle for Luckin, potential $8.4 PT (Long) $LK
Hi fellows,
we had last week an approximate gain of 15%.
The daily chart looks promising and I observe a potential Cup and Handle formation.
Based on the depth of the handle, we might see a potential 60% gain.
With ER, this should be easily doable.
Stop-loss should be beneath the red or orange moving averages.
Disclaimer:
Do your own research.
This is not financial advice.
we had last week an approximate gain of 15%.
The daily chart looks promising and I observe a potential Cup and Handle formation.
Based on the depth of the handle, we might see a potential 60% gain.
With ER, this should be easily doable.
Stop-loss should be beneath the red or orange moving averages.
Disclaimer:
Do your own research.
This is not financial advice.
Trade closed: target reached:
Trade closed at $7.30 for 40% profit