Claimed as Chinese version of Starbucks, a typical cash burning company.
Expecting 3 phases of future moves:
1. Investors cashing out and dumped stocks, force the price action to go lower.
2. Retails going in, and moves price higher, so individual investors could hop on and get ready for some chop chop.
3. Retails out, real value of the company starts coming out. it may act like the other listed company $IQ (aka Chinese Tesla)
personally, I'm not looking forward to buy in, and we are in the middle of the trade war. So not expecting things to look good this year.
Cheers
Expecting 3 phases of future moves:
1. Investors cashing out and dumped stocks, force the price action to go lower.
2. Retails going in, and moves price higher, so individual investors could hop on and get ready for some chop chop.
3. Retails out, real value of the company starts coming out. it may act like the other listed company $IQ (aka Chinese Tesla)
personally, I'm not looking forward to buy in, and we are in the middle of the trade war. So not expecting things to look good this year.
Cheers