Luckin Testing Support (Ichimoku) Welcome back to your morning cup of speculative coffee. In today's brew we have notes on Luckin's retest of support in the Ichimoku Cloud.
Main Idea:
The price has dropped below the Leading Span B but has rebounded above Leading Span A (for one day at time of writing). The Conversion Line has
Luckin Coffee Inc.
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Revenue estimate
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1.55 USD
500.86 M USD
6.86 B USD
269.74 M
About Luckin Coffee Inc.
Sector
Industry
CEO
Jin Yi Guo
Website
Headquarters
Xiamen
Founded
2017
IPO date
May 17, 2019
Identifiers
3
ISIN US54951L1098
Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It has a pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience and high affordability to customers. The company manages pick-up stores, relax stores, and delivery kitchens. It also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian, Fei Yang and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.
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LNKCY: Cup'n Handle, not confirmed (44.2%)(21/1000)(21/1000)
Bullish Cup'n Handle for LKNCY.
Not confirmed.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- (3/1000)
Bullish Cup'n Handle for STM on the Weekly chart.
Not confirmed.
Pros:
1-
LKNCY - Breakout Entered Advance StageLKNCY has made a powerful breakout from its accumulation zone. This breakthrough came on the back of strong quarterly earnings, positive net income, and growing revenue.
INTRODUCTION:
LKNCY is a strong rival of Starbucks in China. It is rapidly adding new stores, reaching the nationwide number o
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Summarizing what the indicators are suggesting.
Neutral
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Neutral
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Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.









