it has the chance to be a descending crabit needs to breakout the descending blue line to think about the reversal patterns.
X=$0.01
AB=0.61 XA
BC=0.38 AB
0.88 BC=$0.47 *crab reversal*
1.13 BC=$0.263 *cypher and shark reversal*
1.41 BC=$0.134 *cypher reversal*
*1.6 BC=$0.082 *shark reversal*
0.78 XA=$0.073
2 BC=$0.0329
*0.88 XA=$0.0292 *bat*
2.24 BC=$0.0185
*2.6 BC=$0.0074 *final target of bat*
1.13 XA=$0.003
*3.6 BC=$0.0006
4.23 BC=$0.0001
*1.6 XA=$0 *final target of crab*
LKCO trade ideas
LKCO in an ascending triangle patternLKCO recently bounced off of ascending triangle support line.
LKCO returned to resistance of previous wedge patterns and continued to break through resistance of the following wedge pattern.
Assuming we follow a similar pattern we expect a breakout of the larger wedge pattern to the $3 - $4 range and a return to the $2 support line and breaking out of the ascending triangle pattern to reach $5
Short term target $3
Stop loss $1.35
Long term target $5
LKCO Uptrend + Upcoming Levels To WatchLKCO in a nice uptrend and if you're watching a few levels to keep in mind are around the 50 Fib and then another level around that 382 fib. Volume has remained consistent & fundamental events could also be thrown in the mix right now:
"The company has established city and industry-level holographic Spatial-Temporal digital twin systems which can be added to autonomous driving vehicles. Recently LKCO expanded its business to more clients despite COVID-19 concerns.
“We have placed a premium on cultivating new service relationships with multiple automobile manufacturers globally as the entire industry continues to drive new autonomous-vehicle capabilities. We feel that these recent service contract signings are reflective of our standing within this market, and we are very pleased to be partnering with another reputable and influential company within the auto industry.” - Xuesong Song, Chairman, and CEO of LKCO
With its role in the auto industry continuing to grow, LKCO is a large player in the autonomous driving industry. Because of that, it could be worth adding to your list of penny stocks to watch in the coming months."
Quote Source: 9 Hot Penny Stocks to Watch For the Upcoming Week
LkcoThe rebound from 1.84 levels at the seven-day simple average, which is above the breach line to the top at 1.81 levels, after failing to hold above the breaching line of the previous peak at 1.96 levels, and it is considered a bounce from the mid-line of the ascending price channel after closing the price gap and we are trading Now in smaller quantities at 1.96 levels. Can we succeed in keeping our positions? We are watching. It is not a call to buy or sell, only technical analysis
LKCO - Capitalizing the Opportunity Presented 🤦-LKCO’s recent skyrocketing of equity value comes after turbulent several weeks, following the company’s announcement of the halting of the trading of its common shares on stock exchanges. This restriction was imposed on the company after it had been given a Communist Chinese Military Company (CCMC) designation. Because of this designation, LKCO finds itself at the mercy of Executive Order 13959.
-A joint complaint was filed by LKCO and two U.S. shareholders with the United States District Court for the District of Columbia, who are seeking to reverse this designation. As per the complaint, the U.S. DoD’s designation of LKCO as a CCMC and the resulting restrictions authorized by Executive Order 13959 by former President Trump are both in violation of the law.
-Because of the resolution of the lawsuit being too far in the future, LKCO has filed a motion for a preliminary injunction that will defer the CCMC designation and associated trading restrictions until the case has been settled. While the company is confident of an outcome in their favor, they argue that the failure to issue an injunction could end up having unmerited and disastrous effects on the company’s balance of equities, as well as their public interests.
-May 6th, 2021 saw the company announce that their previously announced motion for a preliminary injunction was granted. Following the ruling, the Department of Defense and other government defendants are prohibited from implementing or enforcing the designation of LKCO as a CCMC, or any consequential restrictions pursuant to Executive Order 13959.
-Armed with the fortuitous surge in the value of their equity, LKCO is poised to capitalize on the opportunities presented to it. The company is keen to continue its trajectory of success and usher in more organic growth over the long term. Current and potential investors are hopeful that the management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.
Being delisted/ banned in the US because China military opI bought at 1.70 , but since hitting 2.20 it has only gone down.
Yesterday IBKR warned that the company is being delisted and trading will be banned for US residents due to the companies ties with the CCP/PLA.
I'm not shorting, as the stock is still really low, but I halved my position at a loss, I am not American, so I will hold the other half, see what happens.
LKCO to go test top againI bought $500 @ 1.74, this morning. It went to 2.11, and was rejected by the .5 fib in the retracement from the initial upwards trend, with the top being the wick of the last breakout's top.
I have a sell set for 200 units at $3 (100 free shares + $100 profit)
As we came back down below $2, this may be a good time to buy, if upward trend continues.
$LKCOLuokung Technology Corp., through its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features. The company also offers software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology. In addition, it offers information SuperEngine that includes the server engine, which enables to store, manage, and index the spatial temporal big data on the server side; and Web graphics image engine that supports transmission of graphics images, as well as display and edge computing for multi-terminal and cross-platform. Further, the company provides spatial temporal cloud platform that offers cloud services, including data storage, data resource, and platform support services, as well as supports users to aggregate multi-source spatial data, map services, and Internet of Things streaming data. Luokung Technology Corp. has a strategic partnership with Jiangsu Dianyu Information Technology Co., Ltd. to expand mobile commercial big data services in the 5G era. Luokung Technology Corp. is headquartered in Beijing, China.
