Look for further retrace to low 32 to add calls for swing. If retraces up to low 40, add puts there and target low 32.
Welcome to PrimeXBT ’s professional analysis of the stock prices of Luckin Coffee Inc. which is a chain of coffee shops. Fundamental Analysis and News: Often labeled the Starbucks (NASDAQ:) of China, Luckin Coffee (NASDAQ:) had a strong 2019 thanks to large unit expansion, huge revenue growth, and significant margin improvements. Fortunately, all of those...
Holding for it's life at fresh demand. Bullish if we manage to hold low 37 demand (calls here are risky, but good RR). If we breakdown, short the retest to low 32 (swing)
According to Bloomberg, The Fed Is Entrenched in the Repo Market. "Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31." Since, the market...
Add calls on $LK at fresh demand zone, two weeks out or more ITM strike should be good, as SL is tight. If stopped, wait for retest of the area to short.
LK In attached idea from yesterday, mentioned LK was approaching lifetime support trendline. When it hit it today I went ahead with two Sept 20th C22.5 for .15 apiece. spent a total of 30 bucks to see if LK could hold this support and bounce back to at least the bottom of ER gap. Was pretty close to letting them go when it dipped all the way to near 19.05, but...
LK Is currently sitting very near its lifetime uptrend support trend line, which means it's finally in range for a proper Risk/Reward Ratio for me to trade. This is my trading style, find stocks near support or resistance lines and making bets on the reversal. This method allows me to place very tight stop losses just outside of the patterns, so if it breaks...
LK is one of the most exciting IPO this year, and the 1st inside bar trade was AMAZING! Here we got another "1st" trade, which is the 1st bullish pattern after IPO, and I'm very interested in it! Let's see how it goes yo!
I believe they are selling tea now. Same deal with other equity plays. We will be scaling in and using a 10-11% Hard Stop which is my norm on most equities. Close to a 5:1 risk reward and expecting some action soonish.