It can be seen after the MA arrives and makes a small turn towards the upside, price immediately follows
This can be observed on the latest MA (yellow)
The price is within a Rising Wedge (a bearish pattern) but this observation of the MA's give me hope for a bull breakout, as can be seen with each MA in the past
Luckin denied wrongdoing in agreeing to settle while its U.S.-based lawyer did not immediately respond to media requests for comment on Tuesday.
After their founding in 2017, Luckin Coffee's hype and share price peaked around early 2020 as they broke out to rival global coffee icon Starbucks. Then Muddy Waters Research dropped a bombshell claim of falsified...
The tech-powered coffee chain may soon be ready for another public listing.
The Chinese coffee pioneer went on to achieve positive revenue growth despite the expected surge in its settlement fees and continued operating losses. More financial data from Luckin will be worth paying attention to in the near future.
Unexpected revenue improvement
Peppermint mochas out of season? oh well Starbucks released 5 new drinks to start off 2021! Now with earnings coming up we could see a nice rally. Sitting at the bottom of my channel here, could see a nice bounce near 101 and break of the recent downtrend line to retest ath, break over 107 I can see 110. Trading plan annotated in the chart!
we had last week an approximate gain of 15%.
The daily chart looks promising and I observe a potential Cup and Handle formation.
Based on the depth of the handle, we might see a potential 60% gain.
With ER, this should be easily doable.
Stop-loss should be beneath the red or orange moving averages.
Do your own research.
This is not...
Buy Luckin Coffee and enjoy the best profit ever. Luckin Coffee is a chinese Starbuck own more store than Starbuck in china. Stock drops few weeks ago because of financial scandal. Now everything is ok and the company started again.
Don't miss this opportunity.
PS: Like if you've make money on this