NASDAQ:LK   LUCKIN COFFEE INC SPON ADS EACH REP 8 ORD SHS CL A
Bought at 35.5 (Jan 30, 2020)
Stop slightly below support
Targets:
38 (1:1), 40 (2:1), or run back to highs

Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
Jan 31
Trade closed: stop reached: Welp. Stopped out.
As mentioned earlier, it is clearly on the downtrend and I was playing on the level support and 50ma. (or catching a falling knife) lol. Didn't work out. May re-enter on confirmation next time when this downtrend reverses.
Feb 04
Trade active: As discussed above, was waiting for re-entry. On the break of 50MA. Will play this on the bounce again.

Bought at EOD 36.4 (Feb 4, 2020)
Stop slightly below support (1 day ATR)
Targets:
40.07(1:1), 44.10 (2:1), or run back to highs

Note:
Play bounce of 50MA, watching to re-enter. News today Needham's price boost.
Feb 18
Trade active: Partial half of my position at 40 (1:1)

Comments

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