$LKNCY GambleFirst of all, this is a gamble. I myself am entering with a tiny tiny position, because of the risk.
This stock has recently received big news. Potencial for a gap fill into de 26s, wich means a +3X from current levels.
Play it safe, objective 1) is to stay alive. But is posible in this to make a 2or3X in a small ammount of money.
Stay Alive! This is a risky trade.
LKNCY trade ideas
Big uptrend on the way LKNCYPrice has a strong daily uptrend, however, the price looks like it will correct to $8.14 on the first pullback if the price doesn't break out the previous high then it will bounce back down to the next zone at 5.43 however this is too far down. if the price does break above the previous high it will continue rising and correcting all the way to $24 or $27. I will keep adjusting my stop loss all the way up.
Cup and Handle for Luckin, potential $8.4 PT (Long) $LKHi fellows,
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.
Disclaimer:
Do your own research.
This is not financial advice.