$LKNCY Showing a strengthHello everyone,
Im looking to enter below $35.50 my target is $36.36
Can go to $37 too but thats about it
Trade safely and stop loss is your bestie 📈✅
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1.04USD
401.96 MUSD
3.51 BUSD
261.63 M
About Luckin Coffee Inc.
Sector
CEO
Jin Yi Guo
Headquarters
Xiamen
Website
Founded
2017
FIGI
BBG00NZ6MTF3
Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It 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 and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.
$LKNCYOTC:LKNCY broad market move call. All counts shown. $2024 pull back is the final buy for the rally to $100 +
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
Time for a breather? Expecting price to retest resistance turned support before continuing or break downwards.
Good luck with your trades!
LKNCYLKNCY closed above the 200 MA on the daily and the 50 MA on the weekly this week. It seems LKNCY is retracing to the local high which is also the 0.236 fib. The RSI seems a bit oversold but I think the target will be met.
Nothing I say is financial advice!
LKNCY Bearish TrendLKNCY Is in a bearish trend, despite being above the down trend line, a true bottom may be far away
In the short term although bullish action should come about as it repeats pattern in green
Price when trending along downtrends like this can continue for awhile is the main takeaway.
Luckin coffeeI think we are forming a bull flag and once we break resistance we are in a technical target to the area of 26 dollar. On the rsi we are also at a point where the rsi previously found support/resistance so if we could break that it would also be a good sign. This could offer a great long opportunity
LKNCY Repeating MA patternIt 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
Luckin Coffee Settles USD 175 Mn Class Action Lawsuit Over FraudLuckin 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
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