Luckin Coffee has had some wild swings the past two weeks. However the current midlong trend is quite modest at the moment. Sell spikes and buy back when it hits the middle or lower part of the trend channel.
Luckin fell from $51 to $1 on de-listing, but the fraud has been resolved supposedly, and is on the verge of being re-listed. It should see similar levels upon re-list. PT: $25
If we do bounce, i wanna see 1st take the preview high and then send it with haste to 12.6 thereabouts. Fib extensions only as a possible roadmap.
For now founded support at 50% retracement, mayyyyybe we see a bounce
First of all, this is a gamble. I myself am entering with a tiny tiny position, because of the risk. This stock has recently received big news. Potencial for a gap fill into de 26s, wich means a +3X from current levels. Play it safe, objective 1) is to stay alive. But is posible in this to make a 2or3X in a small ammount of money. Stay Alive! This is a risky trade.
Price has a strong daily uptrend, however, the price looks like it will correct to $8.14 on the first pullback if the price doesn't break out the previous high then it will bounce back down to the next zone at 5.43 however this is too far down. if the price does break above the previous high it will continue rising and correcting all the way to $24 or $27. I will...
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...
The candle sits on 8/21/50 SMA, typical bullish pattern.
Lucky Coffee TA 1hr - explaining breakout and possible re-test.
Guo is named the new CEO. A change in management might bring LKNCY to the upside. Pay close attention to the executive team and their debit to income ratio. Potential acquisition is possible.
Looks like were in a descending triangle. meh