Limited chart history but these are the short-term levels Im looking at. Expecting a bounce off of the red dotted support line with a run up to at least $22.
This could easily go to $30+, soon, if the hype can be sustained.
Starbucks has a market-cap of $100B while Luckin is sitting at about $1B. Starbucks has about 16x more stores than LK but a 100x greater valuation, which is currently justified. However consider the room for growth on this one. If LK can eventually manage to surpass STBX’s presence in China, and if China’s economy continues to outpace the US, this could easily turn into a 3x-10x investment.
This could easily go to $30+, soon, if the hype can be sustained.
Starbucks has a market-cap of $100B while Luckin is sitting at about $1B. Starbucks has about 16x more stores than LK but a 100x greater valuation, which is currently justified. However consider the room for growth on this one. If LK can eventually manage to surpass STBX’s presence in China, and if China’s economy continues to outpace the US, this could easily turn into a 3x-10x investment.