- Currently in a trading halt. Still operating stores in China.
- Chinese company which has been accused of manipulating their financial reports.
- This is lesson to keep in mind - there is indeed a higher operational and fraud risk in Emerging markets which needs to be managed. This is why technical analysis is also so important. Luckin dropped out of its main trend - pitchfork and gave investors some idea to get out. It easy in hindsight to see this but that is why we strongly believe in trend and momentum analysis.
- The parallel lines have identified the bottom very nicely and also set the scene for possible future price action if the trading ban is lifted.
- Chinese company which has been accused of manipulating their financial reports.
- This is lesson to keep in mind - there is indeed a higher operational and fraud risk in Emerging markets which needs to be managed. This is why technical analysis is also so important. Luckin dropped out of its main trend - pitchfork and gave investors some idea to get out. It easy in hindsight to see this but that is why we strongly believe in trend and momentum analysis.
- The parallel lines have identified the bottom very nicely and also set the scene for possible future price action if the trading ban is lifted.