Luckin' Coffee or Suckin' Coffee?
While many investors were ecstatic that LK finally broke out after 3 or 4 failed attempts, the escalation of the trade war between USA-China, as well as, the abyssal quarterly balance sheet gives nothing less than a big and fat doomish outlook.
For those who own the stock, I sincerely hope you sold your holdings while it was above 25.00 because this stock will likely not see that again for a while.
For those who are looking to buy the stock your target should be to remain patient and see if it reaches 15.00 in the next 7-10 days. I don't expect this stock to drop below 14.50 unless the trade war continues to escalate.
- zSplit
For those who own the stock, I sincerely hope you sold your holdings while it was above 25.00 because this stock will likely not see that again for a while.
For those who are looking to buy the stock your target should be to remain patient and see if it reaches 15.00 in the next 7-10 days. I don't expect this stock to drop below 14.50 unless the trade war continues to escalate.
- zSplit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.